Act/Law wise: Judgment of Supreme Court of Bangladesh

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Bangladesh Bank Order (CXXXVII of 1972)
Section/Order/Article/Rule/Regulation Head Note
Article 21(3)

Interest of the bank rate means.
The bank rate is the rate which the Bangladesh Bank being the regulatory bank of all the banks may direct from time to time under Article 21(3) of the Bangladesh Bank (Nationalization Order) 1972 (P.O. No.26 of 1972). Thus bank rate being a specified and definite rate prevailing on the date of realization would be the rate of interest which the Bangladesh Bank rediscounts the first class bills of exchange from the commercial bank. Janab Md. Asalat Zaman -Vs.- The State 3 ALR(2014)(1)(AD) 205 ....View Full Judgment

Article 23

BANGLADESH BANKS (NATIONALISATION) ORDER (P.O. 26 OF 1972)
Article—23
Service matter—Bye-laws containing service rules framed by bank prior to promulgation of P.O. 26 of 1972 have no statutory force—Employees of bank cannot invoke writ jurisdiction in respect of violation such byelaws—But employees cannot be deprived of the principles of natural justice—Constitution of Bangladesh. 1972, Article. 102.
A.T.M. Zahirul Huque Vs. Secretaiy, Ministry of Finance and others; 1 BLD (AD) 236.
Ref: 29DLR (SC) 41. ....View Full Judgment

Article 44

read with
Bank Companies Act(XIV of 1991)
Section 27 KaKa
Whether Bangladesh Bank can included defaulter Borrowers names in the CIB Report. Article 44 of the Bangladesh Bank Order, 1972 has empowered the Bangladesh Bank to direct any banking company and financial institutions to submit any statements relating to any credit information. "Statements relating to credit information" certainly includes information about default in repayment of those credit facilities. Article 45 of The Bangladesh Bank Order, 1972 has given right to the banking companies and financial institutions to have such statements relating to credit information for the purpose of their entering into any financial arrangement with any person. And section 27 KaKa of the Bank Companies Act, 1991 has made it mandatory for the Bank companies and financial institutions to submit the list of their defaulting borrowers to Bangladesh Bank time to time and for the Bangladesh Bank to send those list of defaulting borrowers to all the Bank companies and financial institutions of the country with the object that no such defaulting borrower is granted any loan facilities.
Al-Amin Bread & Biscuit Limited and another -Vs.- Bangladesh Bank & others. 4 ALR (AD) 2014 (2) 79 ....View Full Judgment

Article 84

In this Order there is no provision for creating any central Board of Directors, but there shall be a 'Board of Directors' and it is this Board which has been vested with powers required to be exercised by the Bank (Staff) Regulations.
It therefore, cannot be said that the Board of Directors which had taken the decision for the appellant's termination was not properly constituted. Regulation 2, in its proviso, requires Government's approval to any action in respect of officers mentioned in sub-regulation (iii). These officers are senior officers of the Bank whose salaries and allowances are determined by, or require the approval of, the government. There is no evidence that the appellant fell within this class of officers.
Bangladesh Bank vs Mohammad Abdul Mannan 46 DLR (AD) 1. ....View Full Judgment