Transfer of possession of properties, etc., of the transferred branches
6. (1) As soon as may be after the commencement of this Act, each of the specified banks and the officers and employees concerned of such bank shall take all such steps as may be necessary to hand over, and the Sonali Bank shall take all such steps as may be necessary to take, possession and control of all properties, movable and immovable, records and documents of the specified banks as are relatable to the business and functions of the transferred branches so that such transfer of possession is completed, so far as may be, by the appointed date.
(2) Any dispute arising out of, or in the course of, the transfer of properties, records and documents between any of the specified banks and the Sonali Bank shall be referred to the Government whose decision thereon shall be final and binding upon the parties to the dispute.
(3) For the purpose of settling any dispute referred to in sub-section (2), the Government may call for or require submission of any information, account, statement, record or document from the specified bank concerned or any of its officers or employees.
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Ministry of Law, Justice and Parliamentary Affairs