Dhaka, Nov 22 (UNB) - The High Court (HC) on Thursday stayed the Sonali Bank’s decision rescheduling a Tk 27-crore loan of Chief Whip ASM Feroz for the 9th time.
The HC bench of Justice Sheikh Hassan Arif and Justice Razik-Al-Jalil passed the order after primary hearing of a writ petition filed by Bauphal municipality mayor Ziaul Haque.
Barrister Rokon Uddin Mahmud and M Mainul Islam stood for petitioner.
Talking to reporters, Mainul Islam said a loan cannot be rescheduled for more than thrice as per the law. “But the Tk 27-crore loan of ASM Firoz was rescheduled in 2018 for the 9th time violating the law,” he said.
As the HC stayed the Sonali Bank decision, ASM Feroz is now a loan defaulter and he cannot contest the upcoming general election, clalimed Mainul.