State-owned BASIC Bank has finally taken possession of the building it purchased for its head office in Motijheel, Dhaka. The building, located beside Shapla Chattar, was handed over to the bank authorities on Tuesday after eviction proceedings were completed under court directive, ending a legal battle that spanned over a decade.

Court order and eviction proceedings

In a notice issued on Tuesday, BASIC Bank said that Dhaka Metropolitan Commercial Court-2 on Monday ordered the building's possession to be granted in favor of the bank. Court representatives were present and completed the necessary eviction proceedings. Later, with the assistance of law enforcement agencies, the building was handed over to the bank authorities. The bank's acting Managing Director Abu Md. Mofazzel, along with senior officials, were present during the handover.

Incomplete construction and future plans

The building's construction work remains incomplete. The bank plans to complete the remaining work and commence head office operations from the premises. Located beside Shapla Chattar in the commercial hub of Motijheel, the building is expected to bring dynamism to the bank's operations given its strategic position.

End of a prolonged legal dispute

According to multiple sources, the building had been entangled in legal complications for nearly 13 years over its possession. During this long period, the bank took several legal steps to gain possession of the property. The court ruling has finally resolved the matter. However, the notice did not provide detailed information about the long-running dispute over the building's ownership and possession.