Sri Lanka Insurance Corporation General Secretary Mr. Udayanga Ratna Diwakara has filed a petition before the Court of Appeal yesterday (01) requesting that a writ be issued nullifying the decision taken by the Cabinet to split the Sri Lanka Insurance Corporation into two companies. .Sri Lanka Latest News
56 people including Prime Minister Dinesh Gunawardena, the Council of Ministers, the Sri Lanka Insurance Corporation and its Board of Directors have been named as respondents in the petition filed through lawyer Manjula Balasuriya.
The petitioner says that he has come to know that the Cabinet has decided to split the Sri Lanka Insurance Corporation into two companies.
He says that the Chairman of the Insurance Corporation has also mentioned the same in a letter issued on April 25.
He points out that the approval of the Parliament has not been obtained for that decision and that the Council of Ministers has no legal right to take such a decision without obtaining the approval of the Parliament.
He says that the Sri Lanka Insurance Corporation is a profit-making institution and it will bring great welfare to the people.
Accordingly, the petitioner requests the Court of Appeal to issue an interim order preventing the implementation of the decision taken by the Council of Ministers to separate the Sri Lanka Insurance Corporation into two companies.
In addition, the petition has also requested that the Board of Directors of the Sri Lanka Insurance Corporation should issue an order preventing the assets and properties of the Sri Lanka Insurance Corporation from being allocated to two newly established companies.
The petitioner also requested the court to issue a writ to invalidate the relevant Cabinet decision.
