The voluntary winding up of Selendiva

Selendiva Investments Limited and Selendiva Leisure Investments Limited informed the Supreme Court today that the two companies are in the process of voluntarily winding up.

The Secretary of the Professionals National Front of Sri Lanka (PNF), G. Kapila Renuka Perera, had filed a Fundamental Rights petition seeking an order prohibiting the Treasury Secretary from selling, leasing, or alienating state properties vested in Selendiva Investments Limited Company.

This petition is to be taken up again on July 18 in order to record the petitioner's stance regarding future action.

According to the petitioner, Selendiva Investments Ltd. was formed in accordance with Cabinet approval granted on or around March 24, 2020, with 100 percent ownership vested in the Secretary to the Treasury, with the goal of transforming the state-owned hospitality portfolios to optimum performance levels through appropriate restructuring.

The Supreme Court's three-judge bench was comprised of Justices Murdu Fernando, Kumuduni Wickremasinghe, and Priyantha Fernando.