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The Financial Express

High Court seeks all records of Evaly

| Updated: October 01, 2021 10:24:38


High Court seeks all records of Evaly

The High Court on Thursday sought all records and documents of the controversial e-commerce platform Evaly Limited.

The Registrar of Joint Stock of Companies and Firms should come up with all records and documents on October 11 next month, according to the order.

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

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

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

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

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

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

Evaly, Registrar of Joint Stock of Companies and Firms, Bangladesh Financial Intelligence Unit, Consumer Rights Protection Bureau, Nagad, bKash, Bangladesh Competition Commission, e-Commerce Association of Bangladesh, Bangladesh Association of Software and Information Services, Bangladesh Bank and commerce secretary were asked to comply with the order.

The prayer for a board to control Evaly's company affairs, management and business should be considered after appearance of the respondents, the court said.

Barrister Hossain said the HC also served a show-cause notice on the respondents to explain as to why an order should not be given to them to wind up Evaly.

The court fixed September 30 for further hearing the matter and asked the respondents to comply with the notice within the date.

But only a few of the respondents appeared in the court and prayed for time to comply with the earlier order. After hearing them, the court passed the order.

According to the petition, Mr Hossen made the 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.

On September 16, another client Arif Baker sued Evaly CEO Mohammad Rassel and Chairman Shamima Nasrin with Gulshan police station for not delivering him products despite taking advance payment.

The RAB personnel arrested them from their Mohammadpur residence the same day.

They took them to RAB headquarters and then handed them over to Gulshan police on September 17.

Mr Rassel and his wife Nasrin are now currently in jail in cases filed with different police stations.

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