Krrish given three months to pay for Sri Lanka land

Sri Lankan President Maithripala Sirisena (L) and Sri Lankan Prime Minister Ranil Wickremasinghe gesture as Sri Lankan Finance Minister Ravi Karunanayake (unseen) presents a supplementary budget to parliament, marking the first economic policy statement of the new government which came to power earlier in the month in Colombo on January 29, 2015. Sri Lanka's new government announced hefty taxes on top companies in a bid to raise revenue, accusing the previous regime of fudging the figures and leaving the economy in a "sad state". AFP PHOTO / Ishara S. KODIKARA (Photo credit should read Ishara S.KODIKARA/AFP/Getty Images)

May 13, 2014 (LBO) – India’s Krrish which has been given city centre land in Sri Lanka’s capital Colombo is expected to settle its balance payments in three months, an Urban Development Authority official said. Perera said Krrish had recently signed an agreement with a construction contractor, which had been shown to them, they he was confident that the project will start.

UDA chairman Nimal Perera said Krrish had already paid 87 percent of 4,995 million rupees for state land.

“They have promised to settle the balance amount with the legal interest within the next three months,” Perera said.

Krrish had run into controversy over repeated delays on paying for the land with earlier reports saying the latest deadline was May 26.