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Sri Lanka Equity Forum » Stock Market Talk » BOC enforces legal action against KAPI (MTD Walkers)

BOC enforces legal action against KAPI (MTD Walkers)

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Miss-Sangeetha

Miss-Sangeetha
Moderator
Moderator
Bank of Ceylon (BOC) has announced the enforcement of legal action against the default on debenture obligations by MTD Walkers Plc.

The Bank said it has handed over the documents pertaining to the matter to the Attorney General’s Department on 24 July in order to institute legal action against MTD Walkers for non-payment of interest due from the company to the investors, leading to an event of default. 

In a disclosure to the CSE the bank confirmed that it has made arrangements to enforce obligations pursuant to the Trust Deed dated 22 July 2015 (as amended) through institution of legal action against MTD Walkers PLC as the Trustee to the debenture issue, and as per the resolution passed at the meeting of Debenture Holdings of MTD Walkers held on 2 May 2019.

Source- Adaderana

Our visiting lecturers of this forum on subject KAPI, now disappeared for their good escape and poor investors lost their hard earned money.

hammurabi

hammurabi
Senior Equity Analytic
Senior Equity Analytic
End of KAPI

Teller

Teller
Moderator
Moderator
I warned members about this company earlier also. How ever i am feeling sad as we may loss one of our businesses. If authorities can help, of course we can rebuid this entity.


_________________
Teller said is said..

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Miss-Sangeetha wrote:Bank of Ceylon (BOC) has announced the enforcement of legal action against the default on debenture obligations by MTD Walkers Plc.

The Bank said it has handed over the documents pertaining to the matter to the Attorney General’s Department on 24 July in order to institute legal action against MTD Walkers for non-payment of interest due from the company to the investors, leading to an event of default. 

In a disclosure to the CSE the bank confirmed that it has made arrangements to enforce obligations pursuant to the Trust Deed dated 22 July 2015 (as amended) through institution of legal action against MTD Walkers PLC as the Trustee to the debenture issue, and as per the resolution passed at the meeting of Debenture Holdings of MTD Walkers held on 2 May 2019.

Source- Adaderana

Our visiting lecturers of this forum on subject KAPI, now disappeared for their good escape and poor investors lost their hard earned money.
ඒ ගොල්ලන්ගෙ නම් එක්කම දාන්න.අලුත් නමකින් අවොත් පොඩ්ඩක් කට්ටිය දැනුවත් කරන්න.ස0ගීත මිසී ඔයාට මම කැමතියි. I love you I love you I love you

Teller

Teller
Moderator
Moderator
Misii😆😆😆😆😆😆😆😆😘😘😘😘😘


_________________
Teller said is said..

sanjulanka


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ඔයාට හරි හිනා අපිටත් හරි හිනා ඔහොම යන් ....ටේලර් මහතාණනි ! Very Happy Very Happy Very Happy

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