The state-owned Investment Corporation of Bangladesh (ICB) is facing a substantial legal backlog, with 316 cases involving more than Tk 28.13 billion pending before different courts as of the end of July, according to its latest monthly report.

The corporation had 313 cases pending at the end of June. During July, five new cases involving Tk 6.9 million were filed, while only two cases involving Tk 6 million were resolved, leaving the total number of pending cases at 316.

The cases cover a wide range of legal matters, including writ petitions, appeals, review and contempt petitions, administrative and appellate tribunal proceedings, money loan suits, certificate cases, bankruptcy proceedings and other civil and miscellaneous disputes.

Money loan cases account for the largest portion of ICB’s financial exposure. A total of 99 such cases involving Tk 10.27 billion remain pending.

Writ petitions make up the second-largest category by monetary value, with 36 cases involving Tk 5.08 billion.

The corporation is also dealing with five bankruptcy cases involving Tk 3.56 billion and 16 appeal cases involving Tk 704.2 million. One certificate case is also pending, although the report did not specify the amount involved.

In terms of the number of cases, the largest category is classified as “other cases”, comprising 148 cases involving Tk 8.48 billion. These include civil revision cases, miscellaneous suits, C.R. cases and other proceedings filed against ICB in lower courts.

The figures indicate that ICB continues to face considerable legal and financial exposure across various levels of the judiciary. The limited number of cases disposed of during July also underscores the corporation’s continuing legal backlog.