SC approves repayment plan for Ceylinco Shiram depositors

Jayantha de Silva

The Supreme Court recently approved the repayment plan submitted by the Watawala Committee appointed by a Supreme Court order to formulate a repayment plan for Ceylinco - Shiram Depositors who lost their deposits with the collapse of the entity, a member of the Ceylinco Group.

Under the plan over Rs 200 million was to be disbursed among 6,500 depositors.