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50 per cent shares of Evali can be transferred: High Court

Banalata Desk.
February 17, 2022 12:35 pm
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E-commerce company Evali MD. The High Court has allowed the transfer of 50 per cent of the shares in the name of Russell and Chairman Shamima Nasrin to Russell’s father-in-law and brother-in-law.

A single High Court bench of Justice Muhammad Khurshid Alam Sarkar passed the order on Thursday (February 18th). Lawyer Barrister Tapas Kanti gave the information.

Earlier on February 9, MD of Evali said. The High Court directed to co-operate in the transfer of some shares of Russell and Chairman Shamima Nasrin in the name of her relatives. Evali’s interim board was asked to co-operate.
A single High Court bench of Justice Muhammad Khurshid Alam Sarkar passed the order on the same day on the verbal plea of ​​Russell and Shamima’s relatives. Barrister Morshed Ahmed Khan was in favor of Evali’s board in the court. Barrister Syed Mahsib Hossain was in favor of the writ petition.

Later, Barrister Syed Mahsib Hossain said that the mother-in-law, brother-in-law and sister-in-law of the managing director of Evali appeared in court in person today. They told the court they were working to rehabilitate Evali. Those who receive money and goods from Evali want to take steps to return them. In this regard, the High Court issued a directive to transfer some of the shares held by Evali’s managing director and chairman to their relatives.

He said Evali’s managing director and chairman were in jail. In this case, the whole transfer process will have to take place while they are in jail. The registration process will also be overseen by the jail authorities. Their shares will be handed over to their relatives. They will then co-operate with the Board of Directors in addition to restructuring Evali.

Evali has been closed for three months for buying and selling goods. As a result, the company has no source of income. But the expenses are as usual. Evali’s website and apps are closed. There have been no new updates on the Facebook page since October 16 last year.