Yunus moves apex court against removal from Grameen Bank
March 9th, 2011 - 3:09 pm ICT by IANSDhaka, March 9 (IANS) Bangladeshi Nobel Laureate Muhammad Yunus Wednesday filed a petition in the Supreme Court to seek a stay on the high court judgment upholding his dismissal as Grameen Bank managing director.
Yunus’ lawyer filed the petition with the Appellate Division of the Supreme Court Wednesday, a day after a two judge high court bench said that his continuance as managing director after 1999 was illegal, bdnews24.com, a news website reported.
The bench of justices Muhammed Mamtaz Uddin Ahmed and Gobinda Chandra Tagore Tuesday dismissed two writ petitions - one filed by Yunus and the other by nine directors of the bank - against the March 2 order of Bangladesh Bank, the country’s central bank, removing Yunus. It observed that the Grameen Bank founder had been re-appointed improperly.
Grameen, the micro-credit bank for rural women, has been replicated in many countries across the world.
Yunus and the bank jointly won the 2006 Nobel Peace Prize.
Yunus’s removal led to protests at home and abroad.
- Full bench of Bangladesh apex court to hear Yunus's appeal (Lead) - Mar 09, 2011
- Bangladesh court verdict on Muhammad Yunus plea Sunday - Mar 03, 2011
- Bangladesh's Grameen bank chief Yunus steps down - May 13, 2011
- Yunus loses appeal against ouster from Grameen Bank (Second Lead) - Mar 08, 2011
- Court rejects Muhammad Yunus's petition (Lead) - Mar 08, 2011
- Dhaka court hears petition challenging Yunus' ouster - Mar 06, 2011
- Apex court confirms Yunus removal from Grameen Bank (Lead) - Apr 05, 2011
- Bangladesh apex court confirms Yunus removal from Grameen Bank (Second Lead) - Apr 05, 2011
- Bangladesh apex court dismisses Grameen, Yunus appeals - May 05, 2011
- France takes up Yunus case with Bangladesh - Apr 25, 2011
- Bangladesh apex court adjourns Yunus hearing - Apr 06, 2011
- Nobel laureate Yunus loses Bangladesh court appeal - Apr 05, 2011
- Grameen Yunus's petition hearing put off for two weeks - Mar 15, 2011
- Bangladesh Supreme Court to hear Yunus' plea Tuesday - Apr 04, 2011
- Bangladesh court adjourns Yunus hearing till April 4 - Mar 29, 2011
Tags: 2006 nobel peace prize, apex court, appellate division, bangladesh bank, bank founder, chandra, continuance, court bench, court judgment, grameen bank, managing director, micro credit, muhammad yunus, nobel laureate, nobel peace prize, rural women, s central, tagore, uddin, writ petitions