Sri Lanka’s Commercial High Court stayed for two weeks a petition by Hong Kong company Law Debenture Trust (Asia) Ltd. seeking a winding-up order against SriLankan Airlines (UL, Colombo International) over a default on USD175 million in bonds in June 2024.

On July 2, Judge Amali Ranaweera issued an enjoining order and adjourned the matter for 14 days. The next hearings will determine whether the issue will be further stayed or the lawsuit will move ahead.

Law Debenture Trust (Asia) represents DB…

Source: ch aviation
Read more: Court stays winding-up lawsuit against SriLankan Airlines