Colombo, Sri Lanka – 29 September 2026 – Bimputh Lanka Investments PLC (BLI) has provided a crucial update to the Colombo Stock Exchange (CSE) regarding an ongoing winding-up order issued by the Commercial High Court of the Western Province. While the initial order to wind up the company was made in early 2023, the matter is currently under appeal before the Supreme Court, with a liquidator already appointed and actively engaged in the process.
Commercial High Court Issued Winding-Up Order in 2023
According to the company’s announcement to the CSE dated 29th September 2026, the Commercial High Court of the Western Province, Holden in Colombo, issued an order on 14th February 2023 for Bimputh Lanka Investments PLC to be wound up. This directive, made under Case No. CHC/41/2024/CO, was issued pursuant to Section 270(e) read with Section 271 of the Companies Act No. 07 of 2007. The company had previously informed the market about developments related to this matter through announcements on 1st September 2023 and 14th March 2023.
Supreme Court Appeal Continues
Bimputh Lanka Investments PLC has not accepted the Commercial High Court’s decision and has since applied to the Supreme Court for leave to appeal against the winding-up order. This appeal is registered under SC/HCLA Application No. 12/2025 and is currently proceeding before the Supreme Court. The company has committed to keeping the market informed once a determination is reached in this appellate process.
Liquidator Appointed and Public Notices Issued
Despite the ongoing appeal, formal steps towards liquidation have commenced. Mr. G.K. Sudath Kumar was appointed as the Liquidator of Bimputh Lanka Investments PLC on 26th June 2025. Notice of both his appointment and the winding-up order was subsequently published in major national newspapers, including the Daily News, Dinamina, and Thinakaran, as well as in the Government Gazette, all on 18th July 2025. Furthermore, Form 26A, which formally notifies the Registrar of Companies of the liquidator’s appointment, was duly filed.
The Liquidator has already begun his duties, which include requesting Statements of Affairs from the company’s directors. He has also submitted his preliminary report detailing the conduct of the liquidation.
Future Updates Expected
Bimputh Lanka Investments PLC has assured the market and its stakeholders that it will continue to provide further announcements as and when material developments occur in this significant legal and financial process. Investors, creditors, and the public are advised to refer to official CSE announcements for the latest information.
Source: Read original document
