IN THE COURT OF 2nd ARTHA RIN ADALAT AIN, DHAKA ARTHA RIN SUIT NO: 06 OF 2015 AB Bank Limited House No: 193 Kataban Road Police Station: Nilkhet District: Dhaka.Plaintiff - Versus- 1. Name: Abdul Halim Proprietor of: M/S Smart Industries Address: 103, Mirpur, 11.
Police Station: Mirpur. District: Dhaka 2.
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Kamal Address: 112, Shegun Bagicha Police Station: Ramna District: Dhaka.Defendants SUIT FOR RECOVERY OF MONEY Suit valued at taka 3, 50, 00,000 upto 16-04-15. The above named plaintiff most respectfully: Sheweth: 1. The plaintiff is a banking company incorporated under the Companies Act, 1994 and is situated at 192 Kataban Road, Police Station: Nilkhet in Dhaka and hereby will be known as the plaintiff bank.
The defendant No: 1 is a company incorporated under the relevant Companies Act, 1994 and is the proprietor of M/S Smart Industries. The defendant No. 2 opened a bank account on behalf of defendant No.1 and the account No. The account was opened for the sanction of 3, 00, 00,000 taka for executing the work order of the industry. The sanctioned money was given on. For the security defendant No: 1 executed the following documents: a) Demand Promissory Note b) Letter of Continuity c) Letter of Hypothecation of bills. Defendant No:1 failed to repay the loan after the validity period expired on.
The plaintiff bank verbally and in written informed defendant No: 2 but it was in vain. Defendant No: 2 showed different excuses in paying the loan. On 08-09-12, 03-07-13, 05-05-14 plaint vides series of letter to defendant No: 2 but defendant No: 2 was reluctant to pay the loan. Defendant No: 2 wanted to extend the time but after that willfully restrained from making any payment.
Legal notice was served on 10-12-14 to defendant No: 2 but he did not make any payment due to the bank. The present outstanding liability of the defendant No: 1 is taka 3, 50, 00, 000 up to. The cause of action arose in Dhaka on when the bank sanctioned loan and served notice to defendant No: 2 on 10-12-14 to come forward and pay the loan. The plaintiff bank has paid necessary court fees. An authorized representative of plaintiff Bank, Mr.
Jamal, who is aware of all facts, will represent the suit. Wherefore the plaintiff most humbly pray before the honourable court: (A) A decree for sum of taka 3, 50, 00, 000 only interest calculated up to in favor of the plaintiff bank and against the defendant; (B) A decree for pendent lite interest at the rate stipulated in the Artha Rin Adalat Ain, 2003. (C) Costs of the suit; (D) Any other relief entitled in law and equity. SCHEDULE-1 Description of loan and amount outstanding Principle loan amount Interest other Expenses Outstanding 3, 00, 00, 000 50, 00, 000 - 3, 50, 00, 000 SCHEDULE-2 AFFIDAVIT I, Mr.
Jamal, son of late Kamal Mia, National Bank Ltd, Dilkusha Branch,48,Dilkusha Commercial Area, Dhaka-1000,aged about 42 years, occupation service, by faith Muslim, Nationality Bangladeshi, do hereby solemnly affirm and say as follows: 1. That I am an officer of the plaintiff bank and as such am fully acquainted with the facts and circumstances of the case and competent to swear this affidavit.
That the statements of facts made above are true to the best of my knowledge and belief, and the rest are verbal submissions before this Honble Court and in verification whereof I signed this Affidavit on. DEPONENT The deponent is known to me and identified by me and he has signed this affidavit in my presence.
Artha rin adalat act bangladesh This series known as ‘Laws of Bangladesh’ is 14 responses to “Laws of Bangladesh: Part 1-‘Artha Rin Adalat Issue I- Scope and Procedures The Artha Rin Adalats (Money Loan Courts) in Bangladesh to. Artha Rin Adalat Ain 2003. 3, Dhaka in Artha Rin Suit No. Artha Rin Adalat Ain, 2003.Download Artha Rin Adalat Ain 2003 Bangladesh Pdf free Analysis. Existing procedure of ADR in Bangladesh Artha Rin Adalat Ain, Bankruptcy Act 1.Title: Artha rin adalat act liability versus security, Author: Mohammad Shahjahan Siddiqui, Name: Both Bangladesh and India have same NI Act, “All Citizens are Equal before Law and are Entitled to Equal Protection legislation named The Artha Rin Adalat Court Act 2003 ” organised by Laws of Bangladesh: Part 1-’Artha Rin Adalat Ain, 2003.
Issue differences or explanations the Artha Rin Adalat Ain (ARAA) 2003 Artha Rin Adalat Ain, As to the provision of the Arbitration Act, Existing procedure of ADR in Bangladesh. Nature of ADR.Artha Rin Adalat Act: Liability versus security M S Siddiqui According to Negotiable Instrument Act 1881, as adopted by Bangladesh, May 14, 2016 Government of Bangladesh case, following an Artha Rin suit, the petitioner filed a writ petition asserting that Section 41 (1) (2) of the Act isJun 14 Third Parties’ Objection Petition Against the Execution of Decree of Artha Rin Adalat.
Bangladesh Journal of Legal Studies ARTHA-RIN ADALAT AIN.