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Dhaka Tribune

HC: Stakeholders to decide if they want to do business with Evaly

According to lawyers, the court was inclined to provide the appropriate directives for managing Evaly after taking into account the interests of all parties involved

Update : 13 Dec 2022, 08:35 PM

According to a recent ruling by the High Court (HC), the decision to continue using the controversial platform Evaly will be made by the banks a.

In response to a petition filed by the Evaly authorities last week that was made public on Monday, the High Court bench of Justice Muhammad Khurshid Alam Sarkar made this ruling.

The court did note, however, that if Evaly could continue its business operations under normal circumstances, it might be even more profitable.

“It's for the banks and other stakeholders to deal with Evaly Ltd as per their choice. It was this court's expectation that if Evaly Ltd is allowed to carry on its normal business, it may be a profitable concern,” the HC order read.

The HC gave the order following a petition filed by the rogue platform seeking a directive to the central bank and the payment gateway service providers in allowing the platform to operate. 

Lawyer Ahsanul Karim, who represented Evaly, filed the petition in response to an earlier petition filed by defrauded customers of Evaly, who sought the closure of the platform, for failing to return consumer money paid in advance or provide goods ordered through the platform.

In that regard, the HC decided to let the platform run its operations.

It is noteworthy that, Barrister Sayed Mahsib Hossain, who represented an aggrieved customer seeking the closure of the platform without filing any written objection, opposed the platform's requests.

However, the court did not find ‘any substance' in opposing the application.

Barrister Tapas Kanti Baul, who represented the commerce ministry, told the court that the government is putting its best efforts to correct anomalies and chaos in the sector by framing necessary guidelines.

At the same time, the government has been lending necessary support to the sector, he said.

According to lawyers, the court was inclined to provide the appropriate directives for managing Evaly after taking into account the interests of all parties involved, including shareholders, depositors, suppliers, landlords, lending banks, and financial institutions.

They said that the government cannot object because the prayer is made with the goal of ensuring the welfare of all parties involved with the enterprise.


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