Dhaka, July 08 – The Appellate Division of the Supreme Court (SC) yesterday stayed for two months a High Court order that imposed a status-quo on a Bangladesh Bank circular that had allowed special concession for loan defaulters by rescheduling their loans with a repayment period of up to 10 years.
“Stay for two months,” the four-member Appellate Division bench headed by Chief Justice Syed Mahmud Hossain came up with the order after hearing a petition filed recently by the finance ministry seeking
However, the apex court issued a condition saying that if anyone takes the special concession, he would not be allowed to take
The apex court also asked the HC bench led by Justice JBM Hassan to hear and dispose of the petition filed in this regard in
The central bank on May 16 posted the circular on its website, allowing loan defaulters to reschedule their bank loans by paying 2 percent down payment and securing
But the High Court on May 21 imposed the status-quo for one month on the Bangladesh Bank circular after holding
The High Court on June 24 extended for two more months the status-quo. – Staff Reporter