NBL postpones AGM after SC order

Business Desk :
The National Bank Ltd has postponed its annual general meeting (AGM) for an indefinite period following a status quo order issued by the Supreme Court (SC).
The AGM of the crisis-hit private bank was scheduled to be held on December 21.
The NBL, in a filing to the Dhaka Stock Exchange on Wednesday, said the AGM has been postponed until further notice.
The chamber judge of the Supreme Court’s Appellate Division yesterday issued the status quo order on the holding of the bank’s AGM until January 21 next year, responding to an appeal against an order issued by the High Court.
Earlier, the High Court stayed the AGM following an application by a director of the bank. Later, the bank moved to the Appellate Division against the HC order.
The director demanded that the AGM be held in person, not digitally, according to the court sources.