SLC sued for damage

Sandasen MARASINGHE

Sri Lanka Cricket has been sued before the Commercial High Court Colombo by an Insurance Company alleging that it had not settled so far the due insurance instalments for the Sri Lanka-India International Cricket Tournament 2008 insurance policy.

Merchant Bank of Sri Lanka Insurance Company Ltd filing the plaint through G.G. Arulpragasam cited seven including Sri Lanka Cricket chairman D. S. de Silva as the defendants.

The plaintiff stated that the SLC insured the Sri Lanka-India International Cricket Tournament 2008 at their company for 16,015,446,000 US dollars. The instalment of the insurance policy was 619,158.22 US dollars.

The plaintiff stated that the SLC was aware that the Plaintiff reinsured the same tournament at a foreign International Insurance Company.

As the SLC did not settle the instalment plaintiff could not settle their instalment to the foreign insurance company in turn. As a result the International Insurance Company sued the plaintiff abroad and MBSL Insurance Company had to pay a damage of 468,451 US Dollars.

Plaintiff stating that it was a damage to the plaintiff's image and claimed Rs 200 million.