Artha Rin Adalat Ain and Court Practice (Money Loan Court Act) training centre in Bangladesh

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Artha Rin Adalat Ain and Court Practice (Money Loan Court Act)

  • Date : Friday, October 7, 2022
  • Duration : Day(9.30 AM-10.00 PM)
  • No. of Classes/ Sessions : 2 Sessions
  • Class Schedule : Friday
  • Total Hours : 6
  • Last Date of Registration : 5 October, 2022 ( within 5pm )
  • Venue : Online Virtual
  • [1st Session: 9.30 am - 12.30 pm] [2nd Session: 7:00 pm - 10:00 pm]

Introduction

Banks are the custodians of the public money. People generally deposit their money to the Banks for proper investment and transaction. Therefore, Banks lend and invest this Money to the Borrowers. Thus, the Banking transaction goes on.
But sometimes the problem arises when some borrowers become defaulters of repayment of the borrowed money and the Banks fall in a critical situation. For that reason, a proper legal process is highly required for the recovery of the money. And thinking the matter, the Government has enacted a special law in 2003 for the proper and speedy realization of the money from the defaulter borrowers. This special law is called the Money Loan Court Act, 2003 (popularly known as Artha Rin Adalat Ain).
This law has some special features. For Example, the Banks can file a suit against the defaulter borrowers but the Borrowers can not file any suit against the Banks under this special law. The Banks cannot file a case against their employees under this law for misappropriation of fund.
In the Corporate Sector, the special knowledge in this special law has an extensive significance. If this law is well-understood, it will certainly contribute to your Institutions. It is most important not only for the employees but also for the employers of all types of banking and Non-banking financial institutions. And, I think, these may be helpful to your Institutions as well as contribute to the economy of our Country.

The specific objectives of the training course are:
** To acquire the theoretical as well as practical knowledge on the Law.
** To be acquainted with the fundamental, essential and relevant provisions, rules, regulations, case laws etc. on the subject.
** To know the Court process on the Subjects.
** To know the safeguards for the banks and bankers under the laws.

How participants will be benefited after the course:
- Participants will learn the fundamental rules and provisions of the law.
- They will be able to protect their banks or institutions from any suit-loss.
- Participants will be able to reduce the unnecessary legal costs in the Courts.
- They will be able to recover the bad loans applying the appropriate provisions of law.
- Participants will also be able to protect their Institutions and thus contribute to the economy of our Country.

Methodology

PowerPoint Presentation, Practical drafting, Group Discussion, Question and Answer, Case Study.

Contents of Training:

Artha Rin Adalat Ain, 2003 with latest amendments.

- Filing of the suit
- The Court Procedure
- The Parties of the suit
- The Auction procedure (before filing & after filing the Suit)
- Time limit for filing suit
- Interest calculation
- What should be included in the plaint
- Court fees
- Stages of the Artha Rin Adalat Ain suits;
- Plaints;
- Summons (SR/AD)
- Written statement/Written Objection (WS/WO)
- Exparte Decree;
- Alternative Dispute Resolution (ADR)
- Time limit for completion of the suit;
- Hearing & Argument
- Judgment and decree
- Execution & Time limit of Artha Rin Adalat Decree;
- Auction sale under section 33 of the Artha Rin Adalat Ain.
- Appeal & Revision
- Writ Matters
- Relevant case Laws of the Supreme Court.
- Question and Answer on the session.

Related Courses

Price 1,500 Tk + VAT
Mr. Monirul Islam
  • Friday, September 30, 2022

This course is intended to provide practical knowledge ...

Law
Anyone can join!

Resource Person

Mr. Monirul Islam

Corporate Law Adviser

Mr. Monirul Islam is a Corporate Law Counsel. He was the Adviser and Legal Consultant of many national and international companies. Formerly he was a Corporate Lawyer. He is experienced with formation of different Business entities and Corporate Laws of Bangladesh. He has knowledge and practical experience of Drafting Contracts, Corporate Law, Labor Law, Taxation, International Agreements, ADR, Writ matters etc. He has practically worked on Trade License, Partnership, Company, Trademarks, Export- Import, Investment, Tax and VAT Matters with concerned City Corporation, RJSC, DPDT, CCIE, BIDA, NBR etc.

He has special practice in Trademarks, copyrights as well as IP issues and Agreements/Contract (Both Local and International). He trains up the new entrepreneurs on legal matters. He provides advice and legal supports on forming different E-commerce and their legal compliance.

Mr. Monirul Islam is an Assistant Judge and Magistrate of the First Class of the Government of the People`s Republic of Bangladesh. The is working as the Trainer/ Resource Person of bdjobs Training Institute for about 8 years.

Mr. Islam was an Advocate of the Supreme Court of Bangladesh. He was the Member of Dhaka Bar Association and Dhaka Taxes Bar Association.

Mr. Islam successfully completed his LLB (Hon's) from Dhaka University and LLM (Master of Laws) from the same University.

Mr. Islam worked as an Associate of a Corporate Law Firm named Legacy Legal Corporate. He has legal knowledge on Banking and Company Matters. He has also special knowledge on local, foreign & joint venture investment process in Bangladesh. He has significant experience of working with public and private sectors and thus having national and international orientation.

Mr. Islam has worked in drafting the Intellectual Property Policy of Bangladesh with the WIPO, a specialized body of United Nations and DPDT of the Ministry of Industries, Bangladesh. He has also tremendously worked with the DGDA; the Ministry of Health and Family Welfare and other Government Institutions in drafting the new Drugs Law of Bangladesh.

Mr. Islam has experience in teaching as a guest lecturer in distinguished educational institutions. He worked as the Adjunct Faculty Member of some Universities of Bangladesh e.g. the Northern University of Bangladesh (NUB), the People's University of Bangladesh (PUB).

PowerPoint Presentation, Practical drafting, Group Discussion, Question and Answer, Case Study.



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