Ananta Jalil and his wife receives legal notice from MTB over the dishonored check

The chairman of AB Apparels Ltd., MA Ananta Jalil and first wife, managing director Khadija Parveen, have received a legal notice from Mutual Trust Bank (MTB).

The notice was given following the dishonoring of a Tk 92.29 crore check intended to partially repay a rescheduled loan due to insufficient finances.
Through its panel lawyer, Md. Zahidul Islam Bachchu, the bank’s Panthapath branch issued the MTB notice, which was published in a newspaper on November 5.

The letter states that the company’s Tk 267 crore in term loans, which are payable over a predetermined period, have been rescheduled by the private bank for August 28, 2024.

It stated that the borrowers eventually violated the terms of the rescheduling.

According to the document, Ananta signed a check for Tk on October 18, 2026. On November 2, the bank deposited the check into the business’s account via its Bogura branch; however, it was dishonored since there were not enough money.

The notification also stated that on the same day, the Bogura branch issued a check return memo, which is a document that details why a check was not paid.

After getting the warning, the bank has requested that they pay the entire sum within 30 days. If not, the borrowers will be responsible for paying the costs of the bank’s court filing and pursuit of other legal remedies.

Additionally, the notification claims that the chairman and managing director of the company made numerous phone and in-person promises to reimburse the outstanding balance.