The Appellate Division on Monday (December 29, 2025) ordered the immediate removal of Nagorik Oikya President Mahmudur Rahman Manna’s name from the list of loan defaulters, clearing the way for his participation in the upcoming national polls.
A single member bench of Justice Md Rezaul Haque passed the order after hearing a petition submitted by Manna challenging a High Court (HC) order.
The court also stayed the HC order for eight weeks.
Following the order, Manna has now no barriers to contest the election from the Bogura-2 constituency.
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Senior lawyers Ahsanul Karim, Syed Mamun Mahbub, Barrister Jyotirmoy Barua, and Mostafizur Rahman stood for Manna while senior lawyer Abdul Kaiyum represented Islami Bank during the hearing at the court.
The appeal followed the HC’s rejection of Manna’s writ petition on Sunday seeking removal of his name from the loan defaulter list.
Earlier, on Wednesday, an HC bench of Justice Md Bazlur Rahman and Justice Md. Mansur Alam dismissed the petition, barring him from taking part in the elections.
Then, deputy attorney general Shafiqul Rahman said as the court had rejected Manna’s petition, thereby he was disqualified now.
Later, Manna filed another petition with the Appellate Division on Sunday challenging the HC order.
The legal controversy surfaces after a notice issued by Islami Bank Bangladesh Limited’s Bogura Bargola branch on December 10 regarding Afacu Cold Storage Limited, a company led by Manna.
The notice demanded repayment of Tk 38.04 crore in defaulted loans, instructing full payment by December 18 and warning of legal action in case of non-payment.
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The notice, signed by branch manager Touhid Reza, was sent to the company’s chairman Manna and Managing Director ABM Nazmul Kadir Shajahan Chowdhury.
According to the documents, Manna owns 50 percent of the cold storage, while couple Shajahan Chowdhury and his wife Ismat Ara Laizu each hold 25 percent shares.
Although the company was profitable, it failed to pay regular profits, charges and fines, resulting in the outstanding amount. The bank described the notice as a final warning to prompt repayment, according to the notice.
The bank manager said Manna had made no effort to repay the loan despite the company’s profitability. As per the agreement, the payment obligations were not fulfilled, which prompted the notice.