 However he was replaced on a court order in 1960 and the hotel had no official management for nearly two years during which time the employees faced tremendous hardships.In 1963 the Bank of Ceylon with the assistance of the then Minister of Finance, T. B. Ilangaratne, and Minister of Labour, D. S. Goonesekera, once again took over the management.The company name was changed from Colombo Hotels Company to Hotels Colombo Ltd.