Dhaka, Oct. 18 -- The Appellate Division of the Supreme Court on Sunday stayed a High Court directive for the immediate collection of Tk 666 crore in outstanding taxes from Grameen Kalyan.

Chamber Judge Justice Md Rezaul Haque passed the order after hearing two leave-to-appeal petitions filed by Grameen Kalyan challenging the High Court verdict.

The stay will remain in force until December 13, when a full bench of the Appellate Division is scheduled to hear the petitions.

Senior lawyer Abdullah Al Mamun, representing Grameen Kalyan, said the stay means the National Board of Revenue (NBR) cannot collect the disputed amount until the matter is heard by the Appellate Division.

On September 10, the High Court upheld the NBR's demand for T...