The Financial Express

HC forms five-member interim board to oversee Evaly  

| Updated: October 18, 2021 16:36:17

HC forms five-member interim  board to oversee Evaly   

The High Court on Monday formed a five-member interim board to oversee the overall management and the company affairs of the controversial e-commerce platform Evaly Limited.

It has appointed Justice Shamsuddin Chowdhury Manik, a former judge of the Appellate Division of the Supreme Court, as the chairman of the company and Mahbub Kabir Milan, an additional secretary of the government, as its managing director.

Md Rezaul Ahsan, former local government secretary, chartered accountant Fakhruddin Ahmed and Barrister Khan Mohammad Shamim Aziz as a jurist have also been included in the five-member body.

The interim body will hold a meeting immediately and notify the court about the progress on the next hearing date scheduled for October 30.

The HC bench of Justice Muhammad Khurshid Alam Sarkar passed the order after holding hearing on a petition filed under the Companies Act-1994.

Md Farhad Hossen, a customer of the Evaly, filed the petition on September 22 seeking HC directives to wind up the Evaly and distribute net asset cash fund among the creditors.

Mr Hossen also made a plea for formation of a interim board of directors to take control of the e-commerce entity's affairs, management and business.

He also sought a court order to direct the respondents to restrain or prohibit Evaly from selling, transferring or disposing of its assets.

After holding hearing on the petition, the court passed the order.

Following the petition, the same High Court bench on September 22 directed the authorities concerned not to sell, transfer or dispose the assets of Evaly Limited until the disposal of the case filed with it.

And on September 30, the bench called for all records of the Evaly Limited. Complying with the High Court order, the Registrar of the Joint Stock of Companies and Firms sent all records of the company to this court on October 12 this year.

Barristers AM Masum and Syed Mahsib Hossain appeared in the court on behalf of the petitioner.

According to the petition, Farhad Hossen gave payment through mobile financial services bKash and Nagad for purchasing products worth Tk 33,308 last May. But he has so far failed to get his products despite repeated contacts with the Evaly authorities. Then he moved High Court for remedy.

On September 16, another client of the Arif Baker sued Evaly CEO Mohammad Rassel and chairman Shamima Nasrin with Gulshan Police Station for not delivering him products despite taking advance payment.

Following the case, RAB arrested Mr Rassel and his wife Nasrin. They were taken to RAB headquarters and later handed over to Gulshan police on September 17.

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