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HC questions legality of IDRA chief appointment
The High Court issued a rule upon the government and other authorities concerned asking them to explain as to why appointment of M Shefaque Ahmed to the post of the Chairman of the Insurance Development and Regulatory Authority (IDRA) shall not be declared illegal.
A division bench comprising Justice Mamnoon Rahman and Justice Md Abu Zafar Siddiqui passed the order following a writ petition challenging the legality of the appointment on August 12.
The court directed M Shefaque Ahmed and the Secretary, Banking and Financial Institution Division, Ministry of Finance to reply to its rule.
The HC also called for records of appointment of M Shefaque Ahmed.
[ Business ] 2012-08-17