Nov 14, Colombo: A coalition partner of Sri Lanka’s governing United People’s Freedom Alliance (UPFA), says the recently passed Act on the Revival of Underperforming Enterprises and Underutilized Assets would set a bad precedence.
Jathika Hela Urumaya (JHU), the Sinhala nationalist party led by Buddhist monks says both judicial and executive powers have been included in the piece of legislation.
The parliament passed the bill with 122 votes in favor and 46 against it.
JHU Legal Advisor and Western Provincial Council Minister Udaya Gammanpila has said that the law, to set the criteria and to choose, was a flaw.
He has explained that the inclusion of two schedules in the legislation, the names of the enterprises and the property description, has resulted in the inclusion of judicial and executive powers in the legislation.
He has added that the JHU abstained from voting in favor of the bill due to this flaw.
According to Gammanpila, the opposition parties have objected to the bill due to personal reasons and have failed to see the underlying flaw in fundamental principles.