Bangladesh
House Building Finance Corporation Order, 1973 (P.O. 7 Of 1973)
Article—27
Artha Rin
Adalat Act, 1990, Section — 5(1)
Upon
examining the relevant provisions of Artha Rin Adalat Act, 1990 and P.O. No. 7
of 1973, particularly Article 27, the Appellate Division held that the world
mamla as used in Section 5(1) of the Acrt refers to ‘suit’ and not to all kinds
of legal proceedings.
Before
the promulgation of the Artha Rin Adalat Act a financial institution such as
Bangladesh House Building Finance Corporation could institute a suit in the
Civil Court for realisation of its dues notwithstanding the special provisions
made for the same purposein law by which the said Corporation was established.
The
purpose of enacting the Artha Rin Adalat Act, 1990 appears to be that the
legislature wanted to exclude the ordinary Civil Court with all its lengthy
procedures as a forum for realisation of loan given by a financial institution
and substitute in its place a Special Court, namely, the Artha Rin Adalat, with
some special procedures for the purpose of minimizing delay but the action will
nevertheless be in the form of a suit involving all other allied laws, namely,
the Court Fees Act, the Limitation Act, the Code of Civil Procedure (to the
extent made applicable).
Bangladesh
House Building Finance Corporation vs. Jahan Ara Akhter and another, 16 BLD
(AD) 231