Beruflich Dokumente
Kultur Dokumente
Subject Request for approval for Write Off A/C. MAMUN PLASTIC
: INDUSTRIES and POINT VIEW.
With reference to the Office Circular No. 2007/1420 dated 08.04.2007 and as per
Bangladesh Bank FID Circular No. 03 Dated 15.03.2007 our SME Branch requested us
to approve the write off of default account Mamun Plastic Industries under Loan
Agreement No. PFIL/SME/STL-28/2008 Dated 21.07.2008 and Point View under Loan
Agreement No. PFIL/SME/STL-21/2008 Dated 10.02.2008 within October 2015.
Among the above 02 (two) accounts Mamun Plastic Industries adjustments made
on 14.12.2009 by encashment of TDR and Point View was restructured by the
Management on 30.12.2008 by encashment of TDR kept as security with us.
Now, as per Bangladesh Bank FID Circular No. 03 Dated 15.03.2007 regarding
Write Off of any account can be done by fulfilling the following condition:
i) Any account which has been classified as BL and 100% provision has been
made can be considered for Write Off;
ii) Board of Directors prior approval should be taken before Write Off of any
account;
iii) All out effort should be taken to recover the written off of loan or lease. If
previously no legal procedure is taken against the account consider for
writing off then a case has to be filled in the court before write off any
account.
Consider the above points we have already taken the following steps:
/conversion/tmp/scratch/364332367.doc Page 1 of 2
ii) We have initiated CR case against all the above 02 (two) borrower. We got
verdict against Mamun Plastic Ind. and Point view in our favor. Details of
the case are as follows:
In view of the above compelling situation, due to chronic default of the client to pay
the overdue/dues, least scope of amicable settlement of long outstanding and
overdue lease liability and recommendation of our SME Branch we recommend to
kindly Write Off the above mentioned outstanding amount of Mamun Plastic
Industries & Point View with our SME Branch, Dhaka.
/conversion/tmp/scratch/364332367.doc Page 2 of 2