The Supreme Court docket yesterday expressed its frustration saying whereas poor farmers had been being harassed for failing to repay small loans, massive attorneys battle to avoid wasting individuals from repaying loans of lots of of crores of taka.
A 3-member bench of the SC’s Appellate Division headed by Chief Justice Hasan Foez Siddique made the comment in the course of the listening to of a “depart to enchantment petition” difficult a Excessive Court docket order that directed one Md Masudur Rahman and his three members of the family to submit the wealth statements.
For all latest news, follow The My News’s Google News channel. The apex court docket expressed its frustration on the petitioner’s lawyer after studying that solely Tk 5 lakh was repaid towards the whole quantity of greater than Tk 115 crore in mortgage and curiosity.
As such, the Appellate Division dismissed the petition, that means Masudur and his members of the family should submit their wealth statements.
Talking to this newspaper, Sonali Financial institution’s lawyer Shamim Khaled Ahmed stated that Fazlur Rahman, proprietor of “Fazlur Rahman and Firm” in Narayanganj, had borrowed Tk 32 crore from the financial institution in 1996-1997. Fazlur Rahman died in 2017.
In 2017, the financial institution authorities filed a case with the cash mortgage court docket, which issued a decree of Tk 102 core in favour of Sonali Financial institution.
Later in 2021, the financial institution filed a “cash execution” case for gathering the cash from Fazlur Rahman’s 4 youngsters together with Masudur Rahman.
On this case, the court docket sentenced the accused to 6 months in civil jail.
At the moment, the quantity of mortgage and curiosity stood at Tk 115 crore.
Masudur then filed a writ petition with the HC difficult the order.
The HC then stayed the jail order and issued a rule questioning the legality of the order.
In the course of the listening to of the rule, the HC on Might 22 this yr ordered Masudur and his members of the family to submit their wealth statements.
Masudur then filed the depart to enchantment petition with the SC difficult the HC order.
