IN RE: NOAKHALI UNION BANK LTD Vs. STATE

JUDGEMENT

(1.) This matter comes before me for settlement of debts due by and of claims against the Company. I ordered advertisements to be published under Rule 123 of the Company Rules. Pursuant to such direction, advertisements were published and creditors filed their claims before the Official Liquidators. The Official Liquidators investigated into the debts and claims and have filed a list of creditors and claimants in Court. Notice was given to the persons whose debts or claims were rejected in whole or in part requiring them to prove as much of them as had been rejected by the Official Liquidators, in terms of Rule 132.

(2.) At the hearing before me, several creditors and claimants have appeared.

(3.) The holders of Drafts and Pay Orders may be divided into three classes:--