Banking Companies Act, 1991

 

 

Section—10g/ill with Article—56 of P.O. 127 of 1972, Clause-4 of the Non-Banking Financial Order, 1989

The company advanced a huge to the accused petitioner with 19 other directors of the Bangladesh Commerce and Investment Ltd. (BCI Ltd.) and their relations in violation of the laws. Warrant of arrest being issued, the petitioner was arrested on 1.8.92. He was granted an ad interim bail on 22.2.93 on condition of his depositing the entire loan money & filing certificate from the Bangladesh Bank. On the expiry of extended period on 29.6.93. the accused petitioner, having not surrendered in the Court of M. M. is a fugitive from law and justice and he is not entitled to bail. Surrender in the Court of C. M. during the pendency of the bail. This will not prejudge what view the other courts will take in respect of future bail application filed by him. [Paras-4 & 5]

Md. SaiduL Islam Chowdhury Vs. The State & others 3 BLT (AD)-144

BANKING COMPANIES ACT, 1991

 

BANKING COMPANIES ACT, 1991 (XIV OF 1991)

 

Section—37

Bangladesh
Bank, whether is not entitled to publish the statement regarding the position
of dues of an account—holder as on 31 St December, 1990, which is the last day
of 2nd half of the year, 1990.

Held—The
argument that since the Banking Companies Act, 1991, came into force on 24th
February, 1991, the Bangladesh Bank is not entitled to publish the statement
regarding the position of outstanding dues of an account—holder as on 31st
December, 1990, has no substance, as section 37, without putting any time
limit, has clearly empowered the Bangladesh Bank to publish any such
information obtained by it in a consolidated form in the public interest.

M/s. Paul
and Co. Narayanganj Vs. Bangladesh Bank, represented by its Governor and
others; 11 BLD (HCD) 484.

 

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.