A+Director+board+appointed+by+the+Finance+Minister+barred+from+assuming+duties
Wednesday, 15 May 2019 - 18:39
A Director board appointed by the Finance Minister barred from assuming duties
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The Colombo Commercial High Court has issued a restraining order preventing the new board of directors of Litro Gas appointed by Finance Minister Mangala Samaraweera from functioning.

This was when a petition filed by 4 Members of the previous Board of Directors was taken up for hearing before Commercial High Court Judge R Gurusinghe.

The petitioners point out that since the Treasury does not have shares in Litro Gas, the Finance Ministry does not have powers in appointing Directors.
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