The High Court on Sunday allowed its appointed board of directors for disgraced e-commerce company Evaly to withdraw Tk 2.35 crore deposited at City Bank and Southeast Bank for operating expenses.
A single HC bench of Justice Muhamad Khurshid Alam Sarkar passed the order following the application submitted by the board of directors of Evaly, that was formed on the direction of the court.
The court also directed Bangladesh Bank and National Board of Revenue (NBR) to submit details on expenditures logged by Evaly’s former chief executive officer Mohammad Rassel and Chairperson Shamima Nasrin.
At the same time, 22 vehicles registered by Evaly have been allowed to be rented or sold.
Barrister Morshed Ahmed Khan appeared for Evaly board while Barrister Syed Mahsib Hossain for the writ petition.
Barrister Syed Mahsib Hossain said the board of directors of Evaly could not withdraw any money from the bank accounts as Bangladesh Financial Intelligence Unit (BFIU) froze all the accounts of Evaly.
On October 18 last year, the High Court formed a 5-member board, led by former justice Shamsuddin Chowdhury Manik, to manage, control and assess the liabilities of shuttered e-commerce platform Evaly.
Other members of the board are former secretary Mohammad Rezaul Ahsan and additional secretary Mahbub Kabir Milon, chartered accountant Fakhruddin Ahmed and lawyer Barrister Khan Mohammad Shamim Aziz.
Evaly CEO Mohammad Rassel and his wife Shamima Nasrin, the chairman of the platform were arrested on September 16, after a customer named Arif Baker filed a case at Gulshan Police Station alleging that e-commerce platform was not delivering products despite taking advanced payments.
Meanwhile customer Farhad Hossain submitted an application at the High Court seeking dissolution of the beleaguered company and direction on forming a board of directors for the company.
On September 22, the High Court ordered a ban on the sale and transfer of movable and immovable property during a hearing on the application and issued a notice questioning why Evaly will not be disbanded.
On September 30, during a hearing in this regard the HC directed the Registrar of Joint Stock Companies and Firms (RJSC) to submit all the documents of Evaly within October 11.