Apex court okays SEC’s direction on share credit

The Supreme Court on October 10 stayed a High Court order that earlier halted a Securities and Exchange Commission’s (SEC) decision directing the merchant banks and stockbrokers to follow a net asset value (NAV) based calculation for credit disbursement and loan maintenance.

HC directives to preserve Lalbag Kella



Lalbag Kella (Fort)



The High Court of Bangladesh on Sunday directed the government to remove all individual-owned structures established inside the historic and archeological site Lalbag Fort in the capital Dhaka.

 

The court also directed to survey and specify the land, the fort have, within three months.

Sohul relieved of contempt charge

Election Commissioner
Muhammed Sohul Hussain

The High Court of Bangladesh on Sunday relieved Election Commissioner Muhammed Sohul Hussain of contempt of court charge filed by AL presidium member Mohiuddin Khan Alamgir.

The court relieved him following submissions of MK Alamgir's lawyers not to draw contempt charge against Sohul, Shah Monjurul Hoque, one of the lawyers, told reporters.

However, Sohul Hussain's lawyers made submissions not to relieve him, rather to recall the court's earlier rule that asked him to explain why contempt of court charge should not be drawn against him, Shah Monjurul added.