The High Court (HC) has concluded the hearing on an application filed challenging the legality of the 37th Annual General Meeting (AGM) of Pubali Bank Ltd, held on July 30 this year.
Besides, the court fixed August 27 for passing an order over the issue.
The HC bench of Justice Syed Refaat Ahmed fixed the date after holding a virtual hearing on Thursday on the application filed by Arif A Choudhury, one of the former directors of Pubali Bank, challenging the AGM under section 85(3) of The Companies Act, 1994.
Barrister AM Mahbub Uddin Khokan and Barrister Saqeb Mahbub appeared for the petitioner, while Barrister Mustafizur Rahman Khan, Advocate Ramzan Ali Sikder, Advocate Karishma Jahan and Advocate Zaker Chowdhury represented the bank and other respondents.
Barrister Saqeb Mahbub said, "The 37th AGM of Pubali Bank Ltd was not held in the due course of law and the retirement process of the directors before the 37th AGM was manipulated and directed by some other directors of Pubali Bank."
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