HC order on Pubali Bank stayed by SC

FE Team | Published: September 07, 2020 22:40:29

The incumbent Board of Directors of Pubali Bank Limited will continue to perform its activities as per normal rules with four newly-elected members at the 37th AGM. Pubali Bank Limited got legal permission from the court, said a statement. On August 27, 2020, the High Court ordered for re-election of the Board of Directors. Subsequently, on September 06, 2020, the Judge in Chambers, Appellate Division of the Supreme Court stayed the order of the High Court.
— Statement