Industry

HC to form 4-member interim board for Evaly

The single company bench of Justice Muhammad Khurshid Alam Sarkar expressed the opinion followed by submission of all the documents of Evaly before the court by Registrar of Joint Stock Companies and Firm (RJSC).

The court set Wednesday to hold a hearing to pass an order in this regard.

The court is considering forming an interim board consisting one retired justice, one jurist, one secretary and one chartered accountant to make decisions and assess liabilities of the company, said AKM Badruddoza lawyer for RJSC.

The court sought names of former or incumbent three secretaries and one additional secretary from the commerce ministry to choose one of them as a board member.

Lawyer AM Masum and Syed Mahsib Hossain presented the petitioner’s side at the court and Tapash Kanti Bal presented the Ministry of Commerce, Directorate of National Consumer Rights Protection and Bangladesh Competition Commission. Lawyer AKM Badruddoza appeared for RJSC.

“Disposing the liquidation application of Evaly will be a lengthy process and in the meantime there is no one to take decisions on the company as both the directors are currently in jail hence court made the suggestion,” said lawyer AKM Badruddoza.

Evaly CEO Mohammad Rassel and his wife Shamima Nasrin, the chairman of the platform were arrested on September 16, after a customer named Arif Baker filed a case at Gulshan Police Station alleging that e-commerce platform was not delivering products despite taking advanced payments.

Meanwhile customer Farhad Hossain submitted an application at 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 will not be disbanded.

On September 30, during a hearing in this regard the HC directed RJSC to submit all the documents of Evaly within October 11.

Source: United News of Bangladesh