Lanka ORIX Finance PLC has stated that it has obtained a court order against the crisis ridden PCH Holdings PLC selling any of its assets including shares in Dynaris Holdings PLC. Any sale of assets in violation of this order would be considered as contempt of court.

Lanka ORIX Finance PLC says that since Dynaris Holdings PLC has defaulted the amount outstanding is approximately Rs. 100 million.

Hence, Lanka ORIX Finance PLC has obtained a sequestration order from the Colombo high court against Dynaris Holdings PLC assets being sold to any other party.

Any sale of assets in violation of this order would be considered as contempt of court, says Lanka ORIX Finance.

Meanwhile, when PCH Holdings prepared to sell 100 percent of its shares in its carbon manufacturing concern Beico Link Carbon (Pvt) Ltd, a new stakeholder in the company Adams Investments obtained an interim injunction against this sale.