The Court of Appeal Thursday asked Central Bank to file objections on a case brought against them by Pramuka Banks Directors.
The Central Bank last December cancelled Pramukas licence on alleged financial irregularities.
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rnThe directors sought legal recourse to quash the decision.rn
rnThe Central Bank was given time till February 28 to respond.rn
rnRomesh de Silva PC, Nihal Fernando and Maithri Wickremasinghe instructed by Paul Ratnayake Associates appeared for Pramuka Banks Directors.rn
rnAdditional Solicitor General Saleem Marsoof PC, Nihal Jayawardene Senior State Counsel appeared for the Attorney General and the Monetary Board.rn
rnK Kanag Isvaran PC with Dilshani Wijewardene appeared for Central Banks Governor and the Director of Banking Supervision Dept.rn