\\\'KPPL has to explain by May 27\\\'

The High Court has ordered Khulna Printing and Packaging Limited (KPPL) to clarify issues raised in media reports alleging the company of 'playing around with numbers'.
The bench of Justices Mirza Hussain Haider and Muhammad Khurshid Alam Sarkar on Wednesday asked the company to come up with explanation by May 27. On an HC rule on May 7 by the same bench on this matter, KPPL's managing director was given seven days to explain the allegations in the news reports. The HC bench had then stopped the IPO proceedings of KPPL. The following day, the Appellate Division stayed the order. Wednesday's order came as KPPL's counsel sought more time to come up with explanations, said the petitioner's counsel Qazi Md Arifur Rahman. Supreme Court lawyer Md Raihanul Mostofa had filed the petition seeking an order to stop the KPPL's IPO, according to bdnews24.com.