Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Sunday, November 18, 2018 05:19:04 PM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Calculation of interest on decree amount

By
15th-Sep-2018       
Comments
Share your thought
Post a comment »
Read all () »

High Court Division :
(Special Original Jurisdiction)
Zinat Ara J
AKM Zahirul Hoque J
Topman Fashion Wears
Limited..........Petitioner
vs
Dutch Bangla Bank Limited and others...............Respondents
Judgment
February 15th, 2017
Artha Rin Adalat Ain (VIII of 2003)
Section 50(4)
Under Section 50(4) of the Ain,  if any writ petition is filed without payment of requisite amount of money or security, as the case may be, challenging the order or decree diretly or indirectly by the judgment-debtors, in such case, if the Rule issued in the writ petition or appeal against such order is discharged/dismissed, interest @ 25% has to be calculated during the period for which such matter was pending before the High Court Division or the Appellate Division................(13)
Artha Rin Adalat Ain (VIII of 2003)
Section 50(4)
The suit is still pending. The provision of Section  50(4) of the Ain was not applicable. The Adalat allowing amendment of the plaint of imposing 25% interest during the period on which writ petition was pending before the High Court Division cannot be said to be lawful.  ............(14)
Lokman Karim, Advocate-For the Petitioner.
Md Ashrafuddin Bhuiyan-For the Respondent No. 2.
Judgment
Zinat Ara J : In this Rule Nisi, the petitioner has called in question the legality of order No. 49 dated 27-4-2011 passed by respondent No. 4, the learned Judge, Artha Rin Adalat No. 1, Chittagong in Artha Rin Suit No. 47 of 2008 (Annexure-F to the writ petition), allowing the application for amendment of the plaint of the suit.
Admitted Facts
2. Respondents No. 1 and 2, Dutch Bangla Bank Limited, Head Office, Dhaka and its Agrabad Branch, Chittagong (hereiafter stated as the Bank), as paintiff, on 27-7-2008, filed Artha Rin Suit No. 47 of 2008 before the Artha Rin Adalat, Chittagong (shortly sated as the Adalat) for recovery of loan amounting to Taka 2,03,50,860.37 along with interest till realization thereof impleading petitioner-M/s Topman Fashion Wears Limited and proforma-respondent No. 5 to 7 as defendats of the suit. The defendant-petitioner has been contesting the suit by filing written statement dated 20-11-2008 denying the allegations made in the plaint of the suit. Defendant respondent No. 8 and other respodents have also been contesting the suit by filing separate Writing statements. Defendant No. 6 (respondent No. 8) filed an application in the suit for striking out his name from the plaint  alleging that he is neither a mortgagor nor a guarantor for the loan, but a director of the petitioner. The learned Judge of the Adalat, upon hearing, rejected the application by order No. 33 dated 30-1-2010. Whereupon, the said defendant filed Writ Petition No. 1658 of 2010 before the High Court Division and the Rule issued in the said writ petition was discharged by the judgment and order dated 9-2-2011. Thereafter, the Bank, on 22-3-2011, filed an application before the Adalat under Order VI, rule 17 of the Code of Civil Procedure, 1908 (shortly stated as the CPC) read with Section 50(4) of the Artha Rin Adalat Ain, 2003 (hereinafter stated as the Ain) for amendment of the plaint claiming 25% interest from the date of filing of the aforesaid writ petition till discharge of the Rule issued in the writ petition. Defendant-petitioner, on 27-4-2011 filed written objection against the said application for amendment of the plaint. Upon hearing, the learned Judge of the Adalat allowed the application for amendment of the plaint by the impugned order dated 27-4-2011.
Petitioner's Case
3. Sub-section (4) of Section 50 of the Ain is applicable only when a person has challenged the judgment and decree without depositing 50% of the decretal dues. But, in the instant case, the suit is still continuing and therefore, question of imposing 25% interest for the period during which the writ petition was pending before the High Court Division does not arise. The learned Judge of the Adalat without considering the aforesaid legal aspect of the case, allowed the application of the Bank unlawfully and therefore, the impugned order is liable to be declared to be without lawful authority.
Respondents No.1 & 2's Case
4. Respondents Nos. 1 and 2 the Bank contested the Rule by filing an affidavit-in-opposition controverting some of the statements made in the writ petition contending, inter-alia,
that Section 50 of the Ain is applicable if a writ petition is filed in relation to order passed by the Adalat also and therefore, the Bank legally filed an application under Section 50(4) of the Ain for amendment of the plaint claiming 25% of interest in the suit during the period of pendency of Writ Petition No. 1658 of 2010 and the learned Judge of the Adalat lawfully allowed the said application; that the writ petition is misconceived and the Rule is, thus liable to be discharged.
Arguments of the Contending Parties
5. Mr Lokman Karim, the learned Advocate for the petitioner, takes us through the writ petition, the connected materials on record, the impugned order, the relevant provision of Section 50(4) of the Ain and submits that the provision of Section 50(4) of the Ain is applicable, if any application is filed against the order/judgment and decree passed by the Adalat after the decree, but, in the instant case, the suit is continuing and therefore, there was no scope to apply the provision of Section 50(4) of the Ain and to impose 25% interest during the period from 4-4-2010 to 9-2-2010, when Writ Petition No. 1658 of 2010 was pending. He finally submits that in the facts and circumstances, the impugned order allowing amendment of the plaint and passing order for inclusion of 25% interest in the plaint for the aforesaid period is unlawful and the Rule is, thus, liable to be made absolute.
6. In reply, Mr Md Ashrafuddin Bhuiyan, the learned Advocate for respondents No. I and 2, takes us through the affidavit-in-opposition, the connected materials on record, the relevant provision of Section 50(4) of the Ain and contends that the impugned order has been passed legally inasmuch as the order may also be challenged in the appellate forum.
7. However, he admits that the writ petition was filed against the order passed on an application under Order I, rule 10(2) of the CPC and the order rejecting the said application is not an appealable order.
Point for Determination
8. In view of the arguments as advanced by the learned Advocates for the contending parties, the sole question to be decided in the writ petition is the legality of impugned order No. 49 dated 27-4-2011.
Examination of Records
9. We have examined the writ petition, the affidavit-in-opposition, the connected materials on record, the impugned order and the relevant provision of Section 50 of the Artha Rin Adalat Ain, 2003.
Deliberation of the Court
10. In order to decide the legality of the impugned order, it is necessary to examine the relevant portion of the impugned order. For better understanding, the relevant portion of the impugned order is quoted below : -
“.............উভয় পক্ষের বিজ্ঞ কৌশুলীর বক্তব্য শুনিলাম। আর্জি সংশোধনের দরখাস্ত ও তৎ বিরুদ্ধে লিখিত আপত্তি দেখিলাম। অর্থঋণ আদালত আইন ২০০৩ এর ৫০(৪) ধারা মোতাবেক আর্জি সংশোধনীর প্রার্থনা ন্যায় বিচারের স্বার্থে মঞ্জুর করা হইল। তৎমতে আর্জি ও বালাম সংশোধন করা হোক। ঠঙচ আগামী ৩১-৫-২০১১ইং তারিখ আর্জি সংশোধনের প্রেক্ষিতে প্রয়োজনীয় তদ্বীরের জন্য।”
11. Thus, from the above impugned order, it appears that the learned Judge of the Adalat allowed the application filed by the Bank under Section 50(4) of the Ain in the Artha Rin Suit itself. Admittedly, the Artha Rin Suit is still continuing and it has not been disposed of by pronouncement of judgment and decree.
12. Now, let us study the rlevant provision of Section 50 of the Ain, as it was on the date of passing the impugned order, which reads as under :
৫০। (১) ধারা ৪৭ এর বিধান সাপেক্ষে, এই আইনের অধীন কোন আদালত, ঋণ প্রদানের দিবস হইতে মামলা দায়েরের দিবস পর্যন্ত সময়কালে কোন ঋণের উপর আর্থিক প্রতিষ্ঠান কর্তৃক আইনানুগভাবে ধার্যকৃত সুদ বা, ক্ষেত্রমত, মুনাফা বা ভাড়া- হ্রাস, মাফ বা নামঞ্জুর করিতে পারিবে না।
(২) অর্থ ঋণ আদালত কর্তৃক প্রদত্ত ডিক্রীর বিরুদ্ধে বিবাদী-দায়িক পক্ষ কোন আপীল, রিভিশন, আপীল বিভাগে আপীল বা অন্য কোনরূপ দরখাস্ত কোন উ"চতর আদালতে দায়ের না করিলে, মামলা দায়েরের দিবস হইতে ডিক্রীর টাকা আদায় হইবার দিবস পর্যন্ত সময়ের জন্য ডিক্রীকৃত টাকার উপর ১২% (বার শতাংশ) বার্ষিক সরল হারে, কোন আপীল, রিভিশন বা অন্য কোন দরখাস্ত কোন উচ্চতর আদালতে দায়ের করিলে পূর্বোক্ত সময়কালের জন্য ১৬% (ষোল শতাংশ) বার্ষিক সরল হারে, এবং আপীল বা উ"চতর আদালতের ডিক্রী বা আদেশের বিরুদ্ধে আপীল বিভাগে আপীল করিলে, পূর্বোক্ত সময়কালের জন্য ১৮% (আঠার শতাংশ) বার্ষিক সরল হারে, উপ-ধারা (৩) এর বিধান সাপেক্ষে, সুদ, বা ক্ষেত্রমত, মুনাফা আরোপিত হইবে।
(৩) উপ-ধারা (২) এর বিধান সত্ত্বেও উচ্চতর আদালত আপীল, রিভিশন, আপীল বিভাগে আপীল বা অন্য কোন দরখাস্তে আপীলকৃত বা বিতর্কিত ডিক্রী বা আদেশের গুণগত পরিবর্তন করিয়া কোন আদেশ বা ডিক্রী প্রদান করিলে, উক্ত আদালত, উপরি-উল্লেখিত সংশ্লিষ্ট বর্ধিত সুদ বা মুনাফার হার আপীল বা দরখাস্তকারীর ক্ষেত্রে প্রযোজ্য হইবে না মর্মে আদেশ প্রদান করিতে পারিবে।
(৪) এই ধারার পূর্ববর্তী উপ-ধারাসমূহে ভিন্নতর কিছুই থাকুক না কেন, ধারা ৪১ ও ৪২ এর বিধান অনুযায়ী বিবাদী-দায়িক কর্তৃক নির্ধারিত পরিমাণ টাকা বা, ক্ষেত্রমত, জামানত জমা করিয়া উ"চতর আদালতে আপীল বা রিভিশন দায়ের করিবার সুযোগ থাকা সত্ত্বেও যদি কোন বিবাদী-দায়িক অনুরূপ নির্ধারিত পরিমান টাকা বা, ক্ষেত্রমত, জামানত জমা না করিয়া নিম্ন আদালতের আদেশ বা ডিক্রীকে প্রত্যক্ষ বা পরোক্ষভাবে তর্কিত করিয়া হাইকোর্ট বিভাগে রীট আবেদন দায়ের করেন এবং উক্ত রীট আবেদন হাইকোর্ট বিভাগ বা আপীল বিভাগ কর্তৃক খারিজ হয়, তাহা হইলে উপ-ধারা (২) এ উল্লিখিত সময়ের জন্য ২৫% বার্ষিক সরল হারে সুদ বা, ক্ষেত্রমত, মুনাফা আরোপিত হইবে।”
13. Thus, it appears that under Section 50(4) of the Ain, if any writ petition is filed without payment of requisite amount of money or security, as the case may be, challenging the order or decree directly or indirectly by the defendant judgment-debtors, in such case, if the Rule issued in the writ petition or appeal against such order is discharged/dismissed, interest @ 25% has to be calculated during the period for which such matter was pending before the High Court Division or the Appellate Division.
14.    The writ petition has not been filed by the defendant-judgment-debtor, as the Suit is still pending. Thus, the provision of Section 50(4) of the Ain was not applicable. So, the impugned order passed by the learned Judge of the Adalat allowing amendment of the plaint of imposing 25% interest during the period on which Writ Petition No. 1658 of 2010 was pending before the High Court Division cannot be said to be lawful.
15. In view of the discussions made hereinbefore, vis-a-vis the law, it appears that the impugned order suffers from legal infirmity.
16. Thus, we find merit and force in the submissions of Mr Lokman Karim, the learned Advocate for the petitioner and we find no merit in the submissions of Mr Mohammad Ashrafuddin Bhuiyan, the learned Advocate for the Bank.
17. In view of the above, we find merit in the Rule.
18. Accordingly, the Rule is made absolute
19. Impugned order No. 49 dated 27-4-2011 passed by respondent No.4, the learned Judge, Artha Rin Adalat No. I, Chittagong in Artha Rin Suit No. 47 of 2008 (Annexure-F to the writ petition) is, hereby, declared to have been passed without lawful authority and be of no legal effect.
20.  Respondent No.4, the learned Judge,  Artha Rin Adalat No. 1, Chittagong is directed to proceed further with Artha Rin Suit No.47 of 2008 in accordance with law and dispose of the suit expeditiously preferably within three months from the date of receiving copy of the judgment.
21. No costs.
Communicate the judgment to respondents Nos. 2, 3 and 4 at once.

Tariff
Add Rate

News Archive

Inside The New Nation

Football »

Neymar penalty punishes Uruguay in feisty friendly


Neymar kept his cool to score the controversial penalty that fired Brazil to a 1-0 win over Uruguay in a full-blooded friendly on Friday.Brazil captain Neymar was subjected to some ferocious fouls from Uruguay as the clash between the South American rivals boiled over at Arsenal's Emirates Stadium.But the Paris ...

Cricket »

Shakib returns as BCB announces squad for 1st Test against WI


The Bangladesh Cricket Board (BCB) on Saturday announced the squad for the first Test of two-match series against the West Indies (WI) with ace all-rounder Shakib Al Hasan returned to the squad.Another big-name inclusion in the squad is Soumya Sarkar, whose last Test appearance came on the tour of South ...

Editorial »

Pro-people police is the demand of time


THE Police Investigation Bureau (PIB) has unveiled the mystery behind a spine-chilling crime where a middle-aged woman passenger was killed inside a running bus at Ashulia in the outskirts of Dhaka city. It took hardly seven days for them to crack the case. Police have already arrested the murderers along ...

International »

US opposes UN resolution condemning Israel's occupation of Golan Heights


AFP, United Nations :For the first time, the United States voted Friday against an annual UN resolution condemning Israel's occupation of the Golan Heights, dropping its practice of abstaining in the vote.The non-binding resolution was adopted in a General Assembly committee by a vote of 151 to 2, with the ...

Entertainment »

Aupee Karim returning to big screen


Entertainment Desk :Actress Aupee Karim is returning to the big screen after 15 years , with a film titled "Debris of Desire."Aupee made her debut in cinema with Mostofa Sarwar Farooki's 'Bachelor,' for which the actor won the Bangladesh National Film Award for Best Actress in 2004. The film is ...

City »

BFUJ Secretary General Saban Mahmud receiving posthumous 'Ratnagarva Ma Gold Medal-2018' on behalf of his mother Momtaj Salam at a ceremony organised by Society for Enlightening Nation (SOFEN) in the auditorium of the Institution of Diploma Engineers, Bangladesh in the city on Friday.


Editorial »

Only condemnation not enough, ensure safe return of Rohingyas to Myanmar


US Vice-President Mike Pence expressed the Trump administration's strongest condemnation about Myanmar's treatment towards Rohingya Muslims. He told Aung San Suu Kyi that "persecution" by Myanmar's military was "without excuse" in a meeting with her on November14. Mr Pence also pressed Suu Kyi to pardon two Reuters journalists who were ...

City »

Former Parliament Member of Moulvibazar-2 constituency MM Shaheen joined Juktofront by giving bouquets to Juktofront Chief Prof Dr AQM Badruddoza Chowdhury at the party office in the city's Baridhara on Friday.


.

Football »

Croatia stun Spain as Jedvaj strikes twice to keep hopes alive


AFP, Zagreb :Spain passed up the chance to seal progress to the Nations League finals as they were beaten 3-2 by Croatia on Thursday, undone by a 93rd-minute winner from Tin Jedvaj.Jedvaj's late strike leaves Group 4 wide open ahead of its final fixture between England and Croatia on Sunday. ...

Entertainment »

Deepika-Ranveer wedding: First pics of the gorgeous couple spell magic


Deepika Padukone and Ranveer Singh got married at the picturesque locale of Lake Como in Italy. The much-in-love duo got married in a traditional Konkani wedding ceremony on November 14 and today solemnised their wedding as per Sindhi tradition. After managing to keep their wedding pictures well-guarded, the couple has ...

International »

May fights for survival after Brexit deal sparks crisis


Reuters, London : British Prime Minister Theresa May was fighting for survival on Friday after a draft divorce deal with the European Union provoked the resignations of senior ministers and mutiny in her party.More than two years after the United Kingdom voted to leave the EU, it is still unclear how, ...

Editorial »

Mass awareness needed if NBR wants more people under tax net


THE countrywide 'Income Tax Fair -2018' has already drawn a huge crowd. The authorities hope more people would be brought under tax net this year too. Finance Minister AMA Muhith while inaugurating the fair said out of country's 16 crore population, the number of taxpayers is around one crore. There ...

International »

US could lose war against Russia or China, warns panel


AP, Washington :The United States military has "lost its edge" and could potentially lose a war against Russia or China, a report by a bipartisan panel established by Congress says.The report by the National Defense Strategy Commission on November 14 said U.S. military superiority has "eroded to a dangerous degree" ...

Football »

Switzerland`s Kevin Mbabu (left) is challenged by Qatar's Abdelkarim Hassan during an international friendly soccer match between Switzerland and Qatar at the Cornaredo stadium in Lugano, Switzerland on Wednesday.


.

City »

Bangabandhu Sangskritik Jote formed a human chain in front of the Jatiya Press Club on Thursday in protest against setting fire on police van in front of the BNP Central Office in the city's Nayapalton.


.

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news