IN THE SUPREME COURT OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA In the matter of an Appeal against the Judgement of the High Court of the Western Province Holden in Colombo (exercising Civil/ Commercial jurisdiction)

Seylan Bank Limited No. 69. Janadhipathi Mawatha, Colombo 01.

SC/CHC/15/2012 Plaintiff HC (Civil) 239/2004/(1) Vs.

1. Samdo Macky Sportswear (Private) Limited, No. 241, Layard’s Broadway, Colombo 14

2. Mohamed Uvais Mohamed Rushdi, No. 112, Horton Place, Colombo 07 Defendants And Now Between Mohamed Uvais Mohamed Rushdi, No. 112, Horton Place, Colombo 07.

2^nd Defendant – Appellant Vs.

Seylan Bank Limited No. 69. Janadhipathi Mawatha, Colombo 01.

Plaintiff - Respondent Samdo Macky Sportswear (Private)

Limited, No. 241, Layard’s Broadway, Colombo 14.

1st Defendant – Respondent Before: Murdu N.B. Fernando, PC. CJ., A.H.M.D. Nawaz, J. and K.K. Wickremasinghe, J.

Counsel: Rasika Dissanayake for the 2nd Defendant-Appellant Shanaka de Livera with Ms. Vihanga Dissanayake and Ms. Yashoda Silva for the Plaintiff-Respondent instructed by De Livera Associates.

Argued on: 03.10.2024 Decided on: 23.07.2025 Murdu N.B. Fernando, PC. CJ., This Appeal arises from the Judgement of the High C