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The Bangladesh Industrial Development Corporation (Dissolution) Order, 1972 (President's Order)


3. Notwithstanding anything contained in any other law, rule or regulation for the time being in force, or in any contract, agreement, or document, on the commencement of this Order,-
(a) the Corporation shall stand dissolved;
(b) all assets of whatsoever nature of the Corporation shall vest in the Government;
(c) the Government shall consider any representations which may be made to it by or on behalf of any person claiming that the Corporation or any predecessor-in-title of the Corporation had incurred any debt, liability or obligation to that person and shall have power to make ex-gratia payment of compensation to that person in respect of such claim if and to the extent that the same shall to it appear to be just.

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