Dhaka, Feb. 13 -- Despite boasting 0.28 million registered companies and firms, the country faces a crippling shortage of dedicated courts to handle corporate disputes such as feuds over annual general meetings, share distributions or minority-shareholder rights.

Since there are no dedicated lower courts for corporate feuds, businesses resort to the two company benches within the High Court (HC) Division.

This leads to a massive backlog of 15,000 cases.

Against the backdrop of such scant resources, the pending cases eventually delay resolution by 5-6 years, causing hardship for companies, shareholders and the overall economy.

The Companies Act of 1994 mandates that registered companies file disputes with dedicated company courts. Busi...