Sri Lanka, March 14 -- By Chaturanga Pradeep Samarawickrama

The loan defaulters, who were recently successful in putting the parate rights on hold, yesterday made a fresh appeal to the authorities, urging them to extend the suspension for three years.

While thanking the authorities for suspending the parate rights of banks until December 15 of this year, the Sri Lanka United National Businesses Alliance (SLUNBA) requested the government to extend the suspension further, so that they have some breathing space to recover the losses incurred thus far.

Addressing a press conference yesterday, SLUNBA Chairperson Tania Abeysundara said that suspending the parate rights for 10 months is only a temporary concession and it is not enough.

"But ...