The Supreme Court (SC) has halted a High Court (HC) order that stayed the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.
The High Court has stayed for six months the Insurance Development and Regulatory Authority's (IDRA) decision to suspend the board of directors of Sonali Life Insurance and appoint an administrator to run the company.
The Insurance Development and Regulatory Authority (IDRA) yesterday appointed Brig Gen (retd) SM Ferdous as administrator of Sonali Life Insurance with immediate effect.
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