The Artha Rin Adalat Ain is related to the loan recovery process. Article 31 ensures that no action detrimental to the life, liberty, body, reputation or property of any citizen shall be taken except in accordance with the laws of Bangladesh. This principle has been incorporated in the Article 27 of Bangladesh Constitution.
ARRANGED MARRIAGE BOOK BY CHITRA BANERJEE DIVAKARUNI PDF CURBING RISING DEFAULTED LOANĮquality before the law stands for application of the same law without discrimination to all persons similarly situated. Want stories like this in your inbox? Sign up to exclusive daily email. Trending: Rohingya Crisis Coronavirus Kashmir. Bangladesh anti-graft watchdog asks for probe report on N95 scam. Experts for NBR focus on economic recovery. Indian media report warrants no response: foreign ministry. The present government has been facing serious criticism for its failure to check the high growth of bad loans that stood at Tk 99, crore until September The amount is In July, Federation of Bangladesh Chambers of Commerce and Industry demanded a highly skilled task force to address the problem of non-performing loans in the banking sector.īut most of the recommendations are yet to be implemented. FID additional secretary Fazlul Haque said a position paper following the directive from the finance minister and other related issues including money loan court was already submitted to the division sectary. He noted that former central bank governor Farashuddin Ahmed should be appointed chief of the committee for meaningful changes to the acts. Former Bangladesh Bank deputy governor Ibrahim Khaled has already opposed picking the committee chief from the bureaucrats.
Shakhawat Hossain Published:, Jan 27, The officials find that scopes for checking defaulted loan by amending Artha Rin Adalat Ain, also known as Money Loan Court Act, are higher than by bringing about changes in the Bank Company Act, FID secretary Asadul Islam told New Age on Thursday that he would not make comment whether the proposed committee would be given responsibility to examine the possibility of amending Artha Rin Adalat Ain or not.ĭefaulted loans rose by almost fourfold until from amidst series of loan scams with masterminds behind those getting scot-free mainly for inaction of Anti-Corruption Commission.Īsadul Islam earlier stated that the committee would be formed by the past week or by January But officials said the division was taking time to form the committee as it could not decide whether the proposed committee would be given responsibility to bring about change in both Money Loan Court Act and Bank Company Act, Besides, the division is in dilemma over appointing a suitable committee chief and whether he or she would be a bureaucrat or a banker. Only financial institutions as well as banks can file cases against the borrower under this Act. These matters are regarded as matters of civil natures. Artho Rin Adalat Ain covers the matters regarding recovery of loans by financial institutions.
To confirm your registration, Please pay the registration fee by 13 October, at Bdjobs. Please select your option from below button to continue.