Auction Sale of a valuable property

The Property Mortgaged To Bank Of Ceylon, Hatton National Bank PLC, People's Bank And Sampath Bank PLC

We Shall Sell By Public Auction : On Thursday 20th April 2017, Commencing at 1.00 p. m. at the spot.

Notice of sale by Bank Of Ceylon under section 22 of the Bank of Ceylon ordinance (Chapter 397) and its amendments as amended by act no .34 of 1968 and law no 10 of 1974.

Notice of sale by Hatton National Bank PLC Section 09 of the recovery of loans by banks [Special Provision] act no.09 of 1990 as amended by no.01 of 2011 and 19 of 2011.

Notice of sale by The People's Bank under section 29D of the People's Bank act no.29 of 1961 as amended by the act no.32 of 1986.

Notice of sale by Sampath Bank PLC section 09 of the recovery of loans by banks [Special Provision] act no.04 of 1990 as amended by no.01 of 2011 and 19 of 2011.

All that divided and defined allotment of land marked Lot 1 depicted in Plan bearing No.51/87 dated 9th September 1987 made by W.A.Sirisena Weerasuriya, Licensed Surveyor of Alawwa from and out of the land called and known as JAYAMWATTA (Portion of Lot 5 of Final Village Plan (F.V.P.455) situated at Hambuluwa Village in Dambadeni Hatpattuwa of South Udukaha Korale in the District of Kurunagela, North Western Province.

Containing in extent: A4-R3-P30 (Four Acres Three Roods & Thirty Perches)
Together with the trees, plantations and everything else standing thereon according to the said Plan No.51/87 and registered under F 952/162 at the Land Registry, Kurunegala.

TOGETHER WITH THE RIGHT OF WAY over the Road ways leading from the aforesaid allotment of land to the Main Road as depicted in the said Plan No.51/87.

By Tri Star Apparel Exports (Pvt) Limited of No.30, Maligawa Road, Ratmalana on Mortgage Bond No. 1488/1059/1514 dated 04.07.1997, 10.07.1997, and 14.07.1997 attested by M Kiritharan N.P, M N C P Wettasinghe N.P and S V E Wijeratne N.P.


The Successful purchaser will have to pay the following amounts in cash at the fall of the hammer.

1. 10% (Ten Percent) of the Purchased Price.
2. 2% NBT on the Purchased Price.
3. 15% VAT on the above.
4. 1% (One Percent) of the purchased price as sales taxes payable to the Local Authority.
5. Auctioneer’s Commission of 2 ½ % (Two and a half percent only) on the Purchased Price.
6. Cost of sale and any other charges if any.
7. Further 10% of the Purchased Price will have to be paid within 30 days from the auction date.
8. Balance 80% of the Purchased Price to be settled within three months from the date of sale to the Manager, Recovery Corporate Unit, Bank of Ceylon, 3rd Floor – BOC Head Office, Colombo 01.

Title deeds and any other reference may be obtained from The Manager, Recovery Corporate Unit, Bank of Ceylon, 3rd Floor – BOC Head Office, Colombo 01. Tel: 011 2386080

*The bank has the right to stay / cancel the above auction sale without prior notice

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50 perches of prime land within the Municipal Limits in a mix development area in an exclusive neighbourhood.
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