Court clears SLT's Sigiri hurdle
Sri Lanka Telecom, which is trying to recover Rs 800 million in arrears owed by UK-based Premier Communications International (PCI) Ltd. for calls using the 'Sigiri' card from the UK, has won a legal battle to terminate its business with PCI.

The Colombo Commercial High Court on Friday dismissed two interim injunctions sought by PCI, restraining SLT from terminating its Sigiri card contract and business between the two parties.

The SLT's loss-making deal with PCI was exclusively reported in The Sunday Times last month. Lawyers for SLT in their objections maintained that the previous enjoining order compelled SLT to continue providing services worth about Rs 90 million a month on unsecured credit terms to PCI which had already defaulted on payment.They said SLT would contniue to incur the loss unless the enjoining orders were discharged, and that the prospect of eventually recovering the total monies payable by PCI were clearly "remote."

Top

Back to News

| Front Page | | News | | Editorial | | Columns | | Sports | | Plus | | Financial Times | | Mirror Magazine | | TV Times | Funday Times |

Copyright © 2001 Wijeya Newspapers Ltd. All rights reserved.