Rising trend in delinquent loans must be curbed: Minister of Justice

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Justice Minister Anisul Huq has stressed the speedy settlement of delinquent loan cases to further the country’s development.

Calling delinquent loans enemies of development, the justice minister said the government wants to reduce the amount of such loans in order to maintain the continuity of the development achieved under the leadership of Prime Minister Sheikh Hasina.

“Cases of loan default have a negative effect on the country’s economy. In the current global situation, to keep the country’s economy moving, we need to clear the clutter and curb the increase in defaulted loans through to a speedy resolution of these cases,” he said. during the inauguration of the 147th refresher course organized for joint district and session judges and their equivalents at the Judicial Administration Training Institute in Dhaka on Saturday 10 August.

He said the government had amended the Financial Debt Courts Act 2003 to settle cases out of court through alternative dispute resolution.

“It is a sad reality that the ADR system is not successfully implemented due to the reluctance of litigants,” he added.

The Minister pointed out that in order to settle default cases quickly, the ADR system should be followed more efficiently and any unreasonable delay of the defendant at the hearing stage should be avoided.

Highlighting the case backlog statistics, Anisul Huq said that more than half of the civil cases filed in the country’s courts are land-related.

“Land disputes are also the source of many criminal cases. Millions of litigants have to protest in court every day to obtain justice in these cases. This not only wastes their time and money, but also precious hours of work,” said the minister. .

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