🏨 Sampath Bank Acquires Anilana Hotels Under Parate Execution

• Banking & Hospitality: Sampath Bank has acquired Anilana Hotels and Properties' assets in Nilaveli, Trincomalee, and Pasikuda under the Recovery of Loans by Banks Act No. 04 of 1990. • Legal Challenges: Anilana has filed two court cases challenging the bank’s parate execution resolution. • Restructuring Efforts: The company filed for a compromise under the Companies Act, citing a prospective investor offer of LKR 1.2 Bn for the hotel properties. • Current Status: Anilana stated it will disclose details if a compromise with Sampath Bank is reached in the Commercial High Court.