• Monday, Nov 29, 2021
  • Last Update : 02:19 am

High Court: Evaly customers must give interim board 6 months

  • Published at 11:50 am October 22nd, 2021
High Court-SC-court
File photo of the Supreme Court of Bangladesh, which houses the High Court and the Appellate Division Dhaka Tribune

Customers must not put pressure on the board to pay their debts for the time being, says High Court

According to the High Court’s complete written order on Evaly’s interim board of directors, customers cannot pressurize the board for six months to pay their debts.

The bench of Justice Muhammad Khurshid Alam Sarkar on Thursday revealed the 10-page written order on forming a five-member board to manage, control and assess the liabilities of the ecommerce platform Evaly.

However, the consumers may inform the board and the court about their debts, said the order.

The order also determined the amount of honorarium for the board members.

According to it, former Justice Shamsuddin Chowdhury Manik, chairman of the board, will get Tk25,000 for attending each board meeting and Tk2 lakh for each annual general meeting.

Besides, three members of the committee — former secretary Mohammad Rezaul Ahsan, chartered accountant Fakhruddin Ahmed and Barrister Khan Mohammad Shamim Aziz — will get Tk10,000 each for board meetings and Tk1 lakh each for annual board meetings.

Another member of the committee, Additional Secretary Md Mahbub Kabir on special duty will get his salary from the government for now. After retirement he will get a salary from Evaly equal to his last salary from the government.

Also read - High Court appoints Mahbub Kabir as new Evaly MD

On October 18, the High Court formed the five-member committee to run Evaly.

Followed by the written order the board will immediately hold their first meeting, assess the liabilities, commission an audit and handle other matters.

After that, if the board finds Evaly incapable of operating, they will proceed for its termination or otherwise the board will continue to run it, said the petitioner’s lawyer barrister AM Masum.

As both the chief executive officer and chairman of the company are currently in jail, the board will do everything regarding the running of the company, he said.

On November 23, the board will submit a progress report to the court, said barrister AM Masum.

Evaly CEO Mohammad Rassel and his wife Shamima Nasrin, chairman of the platform, were arrested on September 16, after a customer named Arif Baker filed a case with Gulshan police station alleging that the ecommerce platform was not delivering product despite taking advanced payments.

Meanwhile, customer Farhad Hossain submitted an application to 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 should not be disbanded.

On September 30, during a hearing in this regard the High Court directed the RJSC to submit all the documents of Evaly within October 11, which they did.

Afterwards, the High Court ordered to form the board committee.

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