Local agent tells SC it lacks resources for first tranche payment

She Consortium Lanka (Pvt) Ltd, the local agent of the MV X-Press Pearl, has informed the Supreme Court through an affidavit that its directors and principal executive officers, on their own, lack the ability and resources to raise a sum of USD 250 million to make the first tranche payment required by the Supreme Court judgement delivered in connection with the X-Press Pearl disaster.

- LAKMAL SOORIYAGODA

In the affidavit, Arjuna Indrajith Tissera, Chairman and Chief Executive Officer of Sea Consortium Lanka (Pvt) Ltd, stated that Sea Consortium Sri Lanka, together with its directors and principal executive officers, will continue to make every endeavour within their means to ensure that the Supreme Court's order is honoured in full.

The Fundamental Rights petitions relating to the X-Press Pearl disaster were called before a three-judge bench of the Supreme Court comprising Justices Shiran Goonaratne, Achala Wengappuli, and Priyantha Fernando.