Bank and Financial Institution Division has expressed concerns over the huge volume of pending cases of state-owned banks and financial institutions.
Inefficiency of lawyers was blamed for the long-time unresolved cases involving the banks’ recovery of Tk45,135 crore from defaulters.
“Pending cases of Tk45,135 crore lie in the high court, which is definitely recoverable if efficient lawyers are appointed,” Bank Division Secretary M Aslam Alam told Dhaka Tribune yesterday.
Earlier on the day, he expressed his concern at a monthly coordination meeting with managing directors and chairmen of the banks at the finance division auditorium.
An aggregate amount of Tk45,135 crore of the state-owned banks and financial institutions are now stuck in 4,250 money suits pending before high court for writ petition in last four years, the statistics show.
Secretary said most of big defaulters filed writ petition against the cases.
“The law department of the banks needs to be strengthened further. I asked the banks’ management to appoint more efficient lawyers so that the verdicts come to their favour,” secretary said.
He said the lawyers of the country’s insurance regulatory authority were yet to reply to the court notice in 36 cases. “The notices have remained unanswered for a very long time, which is matter of grave concern.”
He said a large portion of pending cases in high court, lower court and Artha Rin Adalat belong to big state-owned commercial banks like Sonali, Janata, Agrani and Rupali.
“All cases of the banks will be resolved if the lawyers work efficiently,” Aslam Alam emphasised.
