HC stays BSB sale notice on Observer property
SC Correspondent
The High Court has stayed the operation of a sale notice of the Bangladesh Shilpa Bank (BSB) served upon Al-Helal Printing and Publishing Co. Ltd., publisher of English Daily The Bangladesh Observer.The notice was issued and published on October 20 in the Daily Janakantha. The court in its November 2 order also asked the BSB to explain why the notice of sale should not be declared illegal. A HC bench comprising Justice Md. Awlad Ali and Justice Md. Miftahuddin Chowdhury heard the matter to issue the rule. Challenging the notice of direct sale of mortgaged property of the BSB -- the property of the Bangladesh Observer -- Al-Helal Printing and Publishing Co. Ltd. filed a writ with the High Court. It alleged that the BSB did not serve any notice upon it about the sale and so the BSB move was arbitrary.
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