Bangladesh Bank, represented by its Governor, Bangladesh Bank Bhaban, Motijheel Commercial Area, Dhaka and another Managing Director, United Finance Company Limited, Camellia House, 22, Kazi Nazrul Islam Avenue, Dhaka-1000 Managing Director, Social Islami Bank Limited, City Centre (19th Floor), 90/1, Motijheel C/A, Dhaka-1000 Vs Homeland Footwear Limited, represented by its Managing Director, Mr. Amir Hossain and others

Case details

Lead case reference on official PDF cover	CIVIL APPEAL NOS. 10-12 OF 2022
Caption / parties as listed	Bangladesh Bank, represented by its Governor, Bangladesh Bank Bhaban, Motijheel Commercial Area, Dhaka and another Managing Director, United Finance Company Limited, Camellia House, 22, Kazi Nazrul Islam Avenue, Dhaka-1000 Managing Director, Social Islami Bank Limited, City Centre (19th Floor), 90/1, Motijheel C/A, Dhaka-1000 Vs Homeland Footwear Limited, represented by its Managing Director, Mr. Amir Hossain and others
Court	Supreme Court of Bangladesh — Appellate Division
Case reference year	2022
Court website upload date	2023-12-19
Original index reference	Civil Appeal /2022

Additional reference in the official index

(Civil Appeal 10-12 of 2022 Arising out of C.P Nos. 1903 of 2020, 2149 of 2020 and 2024 of 2020 respectively)

Court index description

The borrower who takes over the management unencumbered can in no way be responsible of the previous liabilities which must be vested upon the previous management. In the instant case, the respondent no. 1, company did not avail any loan after the new management took over the charge of it so, as per the agreement and that of the order of the High Court Division staying the winding-up proceeding, they cannot be treated as defaulting-borrowers.

The date above is the court website’s upload date. Read the official document for the full decision.

Official Supreme Court index entry ↗