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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Interim order extended against CIFL

Interim order extended against CIFL

Go down  Message [Page 1 of 1]

1Interim order extended against CIFL Empty Any news about CIFL? Wed Nov 06, 2013 8:51 pm

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
what happened in court to CIFL ? any news ... ? shall we expect some up or down tomorrow?

2Interim order extended against CIFL Empty Re: Interim order extended against CIFL Wed Nov 06, 2013 9:45 pm

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics
@Jana wrote:what happened in court to CIFL ? any news ... ? shall we expect some up or down tomorrow?
still no news,,i think 2morrow we can get to know something....im not expecting a downward trend...but there is possible chance to break 1.50 and 1.60......if those levels broken hardly, then we can see the cifl bull.

3Interim order extended against CIFL Empty Interim order extended against CIFL Thu Nov 07, 2013 1:27 am

sriranga

sriranga
Co-Admin
The court of appeal today (06) extended until December 10 the interim order issued against Central Investment and Finance Ltd. PLC (CIFL), staying the operation of the Central Bank Monetary Board’s directive to convert 60 per cent of CIFL’s deposit liabilities into nonvoting shares.

The court ordered the petitioners to make counter submissions at the next hearing.

Meanwhile, CIFL Depositors Association secretary P.K. Mahindapala has told the media that the KPMG Auditors have concluded an audit into irregularities committed in the CIFL and handed over its report to the Central Bank.

He said the bank has handed over further investigations to the CID, which has obtained a statement from CIFLDA president Piyasena Weerasinghe.

According to him, the audit has also revealed a deal pertaining to a land in Kegalle involving a former director of CIFL, lawyer Kalinga Indatissa.
http://srilankamirror.lk/news/11604-interim-order-extended-against-cifl

http://sharemarket-srilanka.blogspot.co.uk/

4Interim order extended against CIFL Empty Re: Interim order extended against CIFL Thu Nov 07, 2013 2:31 am

Jana

Jana
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@sriranga wrote:The court of appeal today (06) extended until December 10 the interim order issued against Central Investment and Finance Ltd. PLC (CIFL), staying the operation of the Central Bank Monetary Board’s directive to convert 60 per cent of CIFL’s deposit liabilities into nonvoting shares.

According to him, the audit has also revealed a deal pertaining to a land in Kegalle involving a former director of CIFL, lawyer Kalinga Indatissa.

http://srilankamirror.lk/news/11604-interim-order-extended-against-cifl
Still we can breath... Very Happy Very Happy Very Happy Very Happy 

5Interim order extended against CIFL Empty Re: Interim order extended against CIFL Thu Nov 07, 2013 6:50 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
More and more deals and uncovered Laughing No wonder

6Interim order extended against CIFL Empty Re: Interim order extended against CIFL Thu Nov 07, 2013 10:31 am

stockup&down


Senior Equity Analytic
Senior Equity Analytic
@smallville wrote:More and more deals and uncovered Laughing No wonder
Hope we no need to have rush decision at this moment.

7Interim order extended against CIFL Empty Re: Interim order extended against CIFL Wed Nov 13, 2013 1:37 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
http://cse.lk/cmt/upload_cse_announcements/6481384326601_.pdf

8Interim order extended against CIFL Empty Re: Interim order extended against CIFL Wed Nov 13, 2013 4:47 pm

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics
are they giving more time to collect shares  or giving time to sell shares and get rid of it ?????????
but my belief is CIFL will give me bucks.....happy trading

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