PEDURU HEWA DHAMMIKA AND OTHERS

PEDURU HEWA DHAMMIKA AND OTHERS

VS.

SEYLAN MERCHANT LEASING LIMITED

SUPREME COURT
B.P.ALUWIHARE PC J.
ANIL GOONERATNE J.
H.N.J. PERERA, J.
SC APPEAL NO.:- SC CHS 20/2010
COMMERCIAL HIGH COURT CASE
No. :-HC CIVIL 271/2006(1)
23.06.2016

HIRE PURCHASE Instalments Defaulted - Hire Purchase Instalments- Default-Guarantee Bonds-Agreement Terminated- Handing Over Possession-Obligation Terminated- Entire Sum Due- Damaged Vehicle.

Plaintiff Respondent company is a company engaged in Hire Purchase business. Defendant Appellant entered into a Hire Purchase agreement to lease vehicle bearing No. LA8533 owned by Plaintiff Respondent Company. Agreement produced marked P2. 1st Defendant appellant defaulted payments under the agreements. Lease agreement terminated on 28.07.2006. Plaintiff-Respondent filed action on 3 causes of action against the 1st Defendants-Respondents, and 2nd to 4th Defendant respondents (Guarantors) Guarantee Bond admitted After trial the Trial judge entered Judgment in favour of Plaintiff-

Respondent company. Lease marked P2 was admitted at the trial. It was also admitted that the 1st Defendant- Appellant handed over the veh

Click Here to Read the rest of this document