From now on, the High Court has said that no bank or financial institution can file a check dishonor case against any person for loan.
Bank or financial institution can file a case in the Finance Court in the Finance Court as described in the Finance Act of 2003. Besides, all the checks made by the bank or financial institution currently running in the court will be closed.
Justice Md. canceled the check dishonor case of BRAC Bank against a person for loan. Ashraful Kamal's single High Court bench gave the verdict.
The court said that the check that is being taken against the bank loan is a security deposit, it is not a deed of exchange that is not a depositable document, the check dishonor can not be filed against the check.
The court said that loans from banks or financial institutions are taken through a contract. Some corrupt, dishonest officials of the bank are in their own interests, using checks for their secret agenda, their use like money by the businessmen.
The court said it is illegal to take blank check against the loan. Banks and financial institutions have been doing this illegal work for a long time. If the check dishonor is filed, the court will dismiss it directly and at the same time send them to the money loan court for the loan.
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