Dhaka, Jan. 29 -- The High Court on Thursday dismissed the rule issued on a petition challenging the legality of the Chittagong Port Authority's (CPA) ongoing process of signing an agreement with a foreign company to operate the New Mooring Container Terminal (NCT) at Chittagong Port.

The bench of Justice Zafar Ahmed delivered the order after hearing arguments from lawyers on the matter.

As a result, there remains no legal bar to the CPA proceeding with the agreement to hand over the operation of the New Mooring Container Terminal to a foreign operator.

Additional Attorney General Anik R. Haque said the writ petitioners applied to the court of the Chamber Judge seeking a stay of the High Court verdict.

The Chamber Judge issued a 'no o...