IN THE SUPREME COURT OF THE DEMOCRATIC SOCIALIST REPUBLIC OF SRI LANKA

1. Sunpac Engineers (Private) Limited, Temple Burge Step 11, Industrial Zone, Panagoda, Homagama.

2. Ranath Jayaweera alias Sanath Jayaweera, No. 379/B, Temple Road, Thalawathugoda.

Plaintiffs SC APPEAL NO: SC/APPEAL/11/2021 SC LA NO: SC/HC/LA/08/2021 CHC CASE NO: CH/CIVIL/514/2018 (MR)

Vs.

1. DFCC Bank PLC, No. 73/5, Galle Road, Colombo 03.

2. Schokman and Samerawickreme Auctioneers, No. 6A, Fair field Garden, Colombo 08. Defendants AND NOW BETWEEN

1. Sunpac Engineers (Private) Limited, Temple Burge Step 11, Industrial Zone, Panagoda, Homagama.

2. Ranath Jayaweera alias Sanath Jayaweera, No. 379/B, Temple Road, Thalawathugoda.

Plaintiff-Appellants Vs.

1. DFCC Bank PLC, No. 73/5, Galle Road, Colombo 03.

2. Schokman and Samerawickreme Auctioneers, No. 6A, Fair field Garden, Colombo 08.

Defendant-Respondents

1. Hatton National Bank PLC, No. 479, T.B. Jayah Mawatha, Colombo 10.

2. Seylan Bank PLC, Seylan Towers, No. 90, Galle Road, Colombo 03.

3. Peoples Bank, No. 75, Sir Chittampalam A. Gardiner ’

Mawatha, Colombo 02.

4. Cargills Bank Limited, No. 696, Galle Road, Colombo 03.

5. National Development Bank PLC, P.O. Box 1825, No. 40, Nawam Mawatha.

6. Union Bank of Colombo PLC, No. 64, Galle Road, Colombo 03.

7. Nations Trust Bank PLC, No. 242, Union Place, Colombo 02.

8. Commercial Bank of Ceylon PLC, Commercial House, No. 21, Sir Razik Fareed Mawatha, Colombo 01.

9. Pan Asia Banking Corporation, No. 6A, Fair field Gardens, Colombo 8.

10. Bank of Ceylon, , Bank of Ceylon Mawatha, ‘BOC Square’ Colombo 01.

1st-10th Intervenient Respondents Before: Buwaneka Aluwihare, P.C., J.

Murdu N.B. Fernando, P.C., J.

S. Thurairaja, P.C., J.

E.A.G.R. Amarasekara, J.

A.H.M.D. Nawaz, J.

Kumudini Wickremasinghe, J. Mahinda Samayawardhena, J.

Counsel: Rohan Sahabandu, P.C., with Chathurika Elvitigala, Sachini Senanayake and Nathasha Fernando for the 1^st and 2^nd Plaintiff-

Appellants.

N.R. Sivendran, with Kaushalya Nawaratne, Renuka Udumulla, Dushyanthi Jayasooriya, Hansika Iddamalgoda and Manodha Mohotti for the Defendant-Respondents (DFCC Bank PLC).

Dr. Romesh de Silva, P.C., with S.V. Niles and Niran Anketell for the

1^st Intervenient Respondent (Hatton National Bank PLC).

Palitha Kumarasinghe, P.C., with Gimeshika De Silva for the 2^nd Intervenient Respondent (Seylan Bank PLC).

3^rd Kushan D’Alwis, P.C., with Jayaruwan Wijayalath Arachchi for the Intervenient Respondent (People’s Bank).

4th Intervenient Respondent (Cargills Bank Limited).

Kushan D’Alwis, P.C., with Jayaruwan Wijayalath Arachchi for the Geethaka Goonewardene, P.C., with Chanaka Weerasekara for the

5^th Intervenient Respondent (National Development Bank PLC).

Geethaka Goonewardene, P.C., with Rishan Vidanagamage for the

6^th Intervenient Respondent (Union Bank of Colombo PLC).

Palitha Kumarasinghe, P.C., with Viraj Bandaranayake for the 7^th Intervenient Respondent (Nations Trust Bank PLC).

Dr. Harsha Cabral, P.C., with Nishan Premathiratne and Shenali Dias for the 8^th Intervenient Respondent (Commercial Bank of Ceylon PLC).

Harsha Amarasekera, P.C., with Kanchana Peiris and Sachindra Sanders for the 9^th Intervenient Respondent (Pan Asia Banking Corporation).

Susantha Balapatabendi, P.C., ASG, with Rajitha Perera, D.S.G., and Mihiri De Alwis, S.C., for the 10^th Intervenient Respondent (Bank of Ceylon).

Argued on: 02.03.2023, 03.03.2023, 03.04.2023 and 04.04.2023.

Written submissions:

by the 1st and 2nd Plaintiff-Appellants on 18.05.2021, 02.02.2022, 10.08.2022, 27.02.2023 and 11.05.2023.

by the Defendant-Respondents on 20.07.2021, 18.08.2021 and

17.05.2023.

by the 1^st Intervenient Respondent on 21.02.2023 and 15.05.2023.

by the 2^nd Intervenient Respondent on 15.05.2023. by the 3^rd Intervenient Respondent on 22.11.2022. by the 4^th Intervenient Respondent on 22.11.2022. by the 5th Intervenient Respondent on 27.10.2022. by the 6th Intervenient Respondent on 30.11.2022. by the 7th Intervenient Respondent on 15.05.2023. by the 8^th Intervenient Respondent on 12.05.2023. by