Turkey's food giant has declared bankruptcy protection.

Turkey's food giant has declared bankruptcy protection.

13.07.2025 14:10

The global economic crisis has led to the bankruptcy of numerous companies in Turkey, with the latest addition being Gülhanlar Güven Gıda, which supplies food to hotels and restaurants in Alanya. The company, which has been in operation since 2009, has declared concordat, and the Alanya Commercial Court has granted creditors the right to object to the concordat request within 7 days.

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The global economic crisis, which is also effective in Turkey, has led to the bankruptcy of many companies, with the latest company added to the list being Gülhanlar Güven Gıda.

A TEMPORARY STAY DECISION WAS GRANTED FOR 3 MONTHS

The giant company, which has been supplying food to hotels and restaurants in Alanya since 2009, declared bankruptcy. The Alanya Commercial Court granted a temporary stay decision for 3 months for the company and its partners.

Turkey's food giant declared bankruptcy

IMPORTANT MEASURES HAVE BEEN TAKEN

As part of the temporary stay decision, important measures were taken to protect the company's assets. Without court permission, transfers of real estate, lien transactions, and actions such as guarantees were temporarily prohibited. The transfer and assignment transactions related to the company's real estate and motor vehicles, as well as the establishment of real and personal rights, were also halted.

SALE OF ENCUMBERED GOODS HAS BEEN STOPPED

Additionally, in accordance with the relevant articles of the Enforcement and Bankruptcy Law, all kinds of enforcement proceedings, precautionary seizures, and preservation actions were suspended during the temporary stay period. Seized vehicles and equipment were temporarily delivered to the company with a lien annotation to enable the business to continue its operations. Although follow-up procedures for encumbered receivables will continue, the sale of encumbered goods has been stopped.

Turkey's food giant declared bankruptcy

RIGHT TO APPEAL WITHIN 7 DAYS

The court granted creditors the right to appeal the bankruptcy request within 7 days. If it is demonstrated with concrete evidence that the conditions for bankruptcy are not met in the applications made during this period, the court may annul the temporary stay decision.



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