Sunday , 5 December 2021
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SC upholds HC order: 8 directors of Pubali Bank illegal

Court Correspondent

The Appellate Division of the Supreme Court has uphold the High Court order that declared illegal the posts of eight directors of Pubali Bank Limited.

A five-member bench led by Chief Justice Md Muzammel Hussain issued the order on Monday morning after hearing a petition submitted by the bank authorities seeking a stay on the HC order.

On February 25, the High Court declared illegal the posts of Pubali Bank’s eight directors elected through its 30th annual general meeting as they do not have the required two percent share of the bank each.

Those who lost the bank directorship are M Kabiruzzaman Yakub, Romana Sharif, Suraiya Rahman, Azizur Rahman, Hafiz Ahmed Majumder, Md Faizur Rahman, Ahmed Shafi Chowdhury and Fahim Ahmed Faruk Chowdhury, directors’ posts.

 

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