Court suspends all assets of CML MTD Construction Limited

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Commercial High Court Colombo issues an order against CML MTD Construction Limited, which belongs to Walkers Group, preventing them from alienating/disposing assets worth nearly Rs 560 million.

This order was issued at the request of the People’s Bank, pursuant to the debt recovery action initiated by them against the defaulted borrowing company CML MTD Construction Limited.

The said order will help the People’s Bank to secure the judgment worth approximately of one billion rupees.