Why govt won’t appoint receiver to manage Beximco?

The High Court yesterday issued a rule asking the government to explain in four weeks why they should not be directed to appoint a receiver to manage the companies of Beximco group and to attach their properties.

In the rule, the court asked them to show cause why they should not be directed to provide information about the unpaid loan of Beximco Pharmaceuticals Limited and to rescind the loan waiver given to this company.

The HC bench of Justice AKM Asaduzzaman and Justice Muhammad Mahbub-Ul Islam issued the rule following a petition filed by Supreme Court lawyer Masood R Sobhan seeking necessary directives.