trustee of the veteran tourism company CAL wasnts to sell the company

Posted on Jun 14, 2020 by Ifi Reporter - Dan Bielski

The temporary trustee of the veteran tourism company CAL Recreation and Tourism Services, "Attorney Alona Bumgarten of Naschitz Brandes Amir, wants to sell the company and place an ad for purchase or investment proposals, just days after being appointed trustee.
In a report filed this weekend in Tel Aviv District Court, the trustee of a company, which entered a freeze, cited NIS 6 million in debts and "its operation was not applicable, in part, due to the Corona crisis." “In the shortest possible time, a few weeks at most.” Today, a hearing will be held in court.
The trustee noted that she had already addressed a number of factors in the tourism market and even had meetings with three parties who expressed an interest in investing or purchasing. As a result, Adv. Bomgarten recommends a limited operation for a short period to preserve the company's assets and operations and to exhaust its sale. The company filed a request to freeze proceedings last week after experiencing difficulties due to the Corona.


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