(Continuation news of SEAPEARL): in favour of ICB within 30 days and according the Company paid the said amount to ICB on 05-06-2022. On 27-06-2022 ICB issued a letter giving Tk. 28.85 crore interest waiver in favour of the Company. After this Honorable High Court Division of the Supreme Court of Bangladesh passed an order on 29-08-2022 directing ICB to maintain status-quo in respect of all issues relating to loan liability of the Company and were further (cont.7)
Category: News
SEAPEARL: Qualified Opinion and Emphasis of Matter
(Continuation news of SEAPEARL): and stay order on the show as mentioned above cause notice. Now it is under high court division for hearing. b) The Company issued a bond amounting to Taka 325 Crore to the Investment Corporation of Bangladesh (ICB) in 2017. Due to Covid-19, Company’s business operation was severely affected. So, the Company requested the ICB to waive the interest amount on the outstanding balance of the bond vide letter no. April 28, 2020. (cont.5)