Under Bank Companies Act, 1991 the High Court Division has the power to wind up a bank company. The High Court Division shall under this Act order the winding up of a banking company, if

  • the banking company is unable to pay its debts;
  • the bank company has been inhibited from receiving fresh deposits;
  • the continuance of the banking company is prejudicial to the interests of its depositors;
  • it has refused to meet any lawful demand made at any of its offices or branches within two working days;
  • the Bangladesh Bank makes an application for its winding up under this section or section 64.


Law for Nations has dealt a number of bank company applications successfully.