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A Supreme Court chamber judge today said some poor farmers were arrested with their waists tied reportedly for defaulting only Tk 25,000, but those who embezzle Tk 25 lakh or 1 crore remain untouched..This was stated by Justice M Enayetur Rahim, chamber judge of the SC's Appellate Division ....
No bank or non-bank financial institution can lodge any cheque dishonour case to recover defaulted loans from now onwards, as per a High Court verdict yesterday. ....
Litigation Dispute Resolution Comparative Guide for the jurisdiction of Bangladesh, check out our comparative guides section to compare across multiple countries ....
Govt moves to rein in willful defaulters Decides in principle to amend the banking companies act The government, for the first time, has moved to define habitual defaulters, a development that may stop delinquent borrowers from running businesses, travelling abroad, and participating in social and political activities. As part of the move, the government yesterday decided in principal to amend the banking companies act at a virtual cabinet meeting presided over by Prime Minister Sheikh Hasina. According to the draft law, an individual will be considered a willful defaulter if he or she does not repay a loan, taken under their individual name or for their company, to banks despite being able to pay it back. ....