Conducting of the Liquidation of Bankrupt Bank by the Fund

Abstract

Applicable provisions in case of bankruptcy of banks has been amended many times in our legal system, for this reason, it is difficult to determine applicable provisions for the bankruptcy and liquidation of banks. In accordance with the regulations relating to the bankruptcy of the banks in the Banks Act, even if tasks of the bodies that conducting of the liquadation given to the Fund, the Fund is obliged to do this within the framework of the İİK Turkish Bankruptcy and Enforcement Law . In this case, the Fund will primarily try to collect its receivables, because receivables of the Fund arised from reimbursement of deposits in the failed bank. While the Fund is conducting of the liquadation in lieu of bankruptcy organs, it is obliged to take into account the interests of bankrupt bank, other creditors of the bank and people whose responsibility depend on the result of the bank’s bankruptcy liquidation such as bank managers .In this concept, the Fund will be responsible for all the faults due to its procedures that cause the bankrupt’s estate to loss . In this situation, the liability case will be filed against the state in the scope of Banks Act clause 127/6 . However, since it will be evaluated under the provisions of the İİK, the case should be filed in ordinary courts

Keywords

• Fund,Bankruptcy of Banks,Liquidation,Responsibility of Fund

Fona Devredilen Bankanın İflas Tasfiyesi

Abstract

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