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25/07/2024
Laws of Bangladesh

The Public Debt Act, 1944

( ACT NO. XVIII OF 1944 )

Stay of proceedings on order of Court
20. Where the Bank contemplates making with reference to any Government security any order which it is empowered to make under this Act, and before the order is made the Bank receives from a Court in Bangladesh an order to stay the making of such order, the Bank shall either-
 
 
 
 
(a) hold the security together with any interest unpaid or accruing thereon until the further orders of the Court are received; or
 
 
 
 
(b) apply to the Court to have the security transferred to the Official Trustees 1[* * *] pending the disposal of the proceedings before the Court.

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