The Lawyers & Jurists boasts to be the best when it is about banking litigations. We have outstanding expertise and extensive experience representing banks and Non-Banking Financial Institutions (NBFIs) in banking litigation. The Lawyers & Jurists provides swift & conclusive resolution so that the clients can rest assured that they are getting their money’s worth.
In Bangladesh, with the inclusion of a number of private banks in the banking industry, the banking sector as a whole is becoming more complex and competitive. Keeping pace with the development in banking sector fraud, cheating and defaulting have become commonplace in Bangladesh. Without a sharp & comprehensive legal backup it is often difficult for the banks and NBFIs to run their business smoothly. The Lawyers & Jurists, with the help of its dynamic banking litigation wing, has successfully defended many national and foreign banks and NBFIs in banking litigations. We comprehend the nature and mechanics of the financial transactions which are the subject matter of the disputes we deal with. Our non-contentious Banking Litigation team has specialist expertise in the key methods of protection and recovery in this sector. Lawyers & Jurists provides banking litigation services in the following sectors:
(a) Litigations under the Negotiable Instruments Act, 1881 (NI Act): In Bangladesh, litigations for dishonoured/bounced cheques are administered under the provisions of NI Act. The Lawyers & Jurists has extensive track-record in handling the NI Act cases.
(b) Litigations under Money Loan Court Act, 2003 (Artha Rin Adalat Ain): The banks and NBFIs of Bangladesh have had a very bitter experience with bulk of loan being defaulted without refunding or payback. To cope with the situation, Artha Rin Adalat Ain 2003 has been enacted for speedy and expeditious disposal of money suits filed by the banks and NBFIs. The Lawyers & Jurists is one of the topmost law firms in Bangladesh in dealing with the Artha Rin suits. The banking litigations wing of The Lawyers & Jurists has represented creditors in hundreds of recovery suits. We have successfully recovered huge amount of defaulted loans for the banks and NBFIs by employing sophisticated investigative and legal tactics.
(c) Litigations against fraud, forgery under provisions of Penal Code, 1860: The Lawyers & Jurists successfully represented many Banks and NBFIs in the fraudulence and forgery cases under the Penal Code. Our practice in this area extends to Cheating (Sections 415-410), Fraudulent Deeds and Deposition of Property (Sections 421-424), Loss of property of Banking Company (Sections 462A & 462B), offence relating to documents and to trade or property marks (Sections 463-489) and offence relating to currency note and bank–note (Sections 489A-489E). The Lawyers & Jurists gives every possible protection to the Bankers against opportunist fraudsters and forgers.