- Major creditor of Krrish Transworks Colombo files for Krrish Transworks’ winding-up
- Investor invitations likely once liquidator identifies company’s liabilities
The Krrish Square project is expected to be stuck in limbo until the liquidation processes relating to Krrish Transworks Colombo Ltd. are completed, according to sources from the Urban Development Authority (UDA).
The Sunday Morning Business learns from high-ranking sources in the UDA that a major creditor of Krrish Transworks Colombo Ltd., the local entity behind the Krrish Square project, has filed for the company’s winding-up. Consequently, the court has appointed a liquidator to manage the company’s affairs.
“The company (Krrish Transworks) is under liquidation, so…