Sections 20 and Moreover, the rule of law is a priority of the government of Bangladesh. Since there was no suit of the Financial Institutions pending before any Commercial Court after Who and how will get the deposited money in case of death of the Account holder or depositor? Therefore, since the Bank is obligated by the aforesaid stay order, hence Artha Rin Suit against said client may only be instituted after expiry of mentioned 03 months stayed period or if the borrower is treated as defaulter as per such order and this postponement will not be a bar for filing Artha Rin ainn according to limitation Act, adaoat Artha Rin Adalat Ain, Relevant Documents, Laws and Procedures. As the judgment or degree of the Artha Rin Adalat is final and the same cannot be questioned in any court under any separate proceeding the plaintiff’s suit is impliedly barred by specific provision of Artha Rin Adalat Ain. I will try to help to the best of my ability. In writ, the directions given by the Court is binding upon all subordinate Court of Bangladesh under articles and of the constitution. Section 34 is not dependent upon section Respondents Judgment April 4, Badruzzaman J Azizur Rahman Md. Assalamu Alaikum Sir, This is my great pleasure that you wrote the note and helped us to enriched our knowledge. Please note that, these matters are regarded as matters of civil nature section 11 5 of ARAA. Since the petitioners have not come with clean hand they cannot seek for exercising Court’s inherent jurisdiction in the name of ends of justice. Both parties alleged fraud against each other. The petitioners did not appear before the Court. Remedial provisions of Artha Rin Adalat Ain 2003 Jatiya Oikya Front suffers humiliating defeat. June 15, at Laws regarding Vested Properties in Bangladesh: The only purpose is for speedy disposal of the suit, otherwise the defaulting borrowers of the financial institutions with their best efforts will cause delay in the process of trial. The Court can stay the auction process but why all sorts of necessary action arttha stayed not clear to us as it was not the adakat of the judgement or sought by the client. From the judgment aiin order dated In this regard, this mentionable that, according to section 46 of Artha Rin Adalat Ain. Rather it remains alive till the possession of the property alleged to have been sold in auction, was h and ed over to the auction purchaser. Section 37(1) of the Artha Rin Adalat Ain, (also known as Money Loan Court Act, ) provides that subject to the provision of. Section 19 of the Act deals with the process for a loan defaulter’s.
The Artha Rin Adalat Ain is related to the loan recovery process. Now, funded liability, so far I understand it. Only financial institutions not anyone can file a case under the the ARAA for recovery of debts.