Being one of the three bidders ZRA Holdings succeeded in clinching the deal under the supervision of the Central Bank and filtration by KPMG Public Accountants & Management Consultants.

Both Companies collapsed in 2008 when there was a run on the deposits held by them as well as a run on deposits held by other subsidiaries and related companies in the Ceylinco Group.

After a lapse of nearly 15 years the nearly 4000 depositors with deposits amounting to around Rs. 4,200 Million will be able to get a part of their life long savings from the two Companies.

The Settlement Plan prepared by the Central Bank in 2017 and submitted to the Supreme Court based on the value of Company assets at the time specified that the depositors in RECL be paid 61% on the deposits without any interest thereon and depositors in PDL be paid 51% of the deposits without interest thereon.