The District Court in Tel Aviv has approved Israeli air filtration company Aura Airs request for bankruptcy. The company appealed to the court after amassing debts amounting to NIS 49 million (approximately $13 million). Additionally, the court appointed two trustees to oversee the company. The judge, Noa Grossman, jointly designated the company’s CFO, Ofer Bluemenfeld, and attorney Yoel Freilich from Gisin & Co. to act as the temporary trustees for the company.
Judge Noa Grossman stated, “Upon reviewing the case, I have come to the conclusion that the company should be granted the opportunity, as it has requested. It appears that given the unique circumstances at hand, allowing the company to operate for a limited period, even if it…
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