Real estate developer Inbal Or is in a cross fire of an Israel Tax Authority criminal investigation, allegations by apartment purchasers, and business problems, but at least one threat was removed today. Or has reached agreement with Avraham Wolloch, an apartment buyer who filed a liquidation petition against Or City Real Estate, owned by Inbal Or, and will withdraw his petition.
An urgent joint petition by Or City Real Estate and Wolloch to Tel Aviv District Court Judge Eitan Orenstein stated, “In view of the dispute between the parties concerning the identity of the apartment on Chelnov St. sold to Wolloch, and given Wolloch’s wish to cancel the deal, the parties agree that the transaction will be canceled, and that the Wolloch’s pa…
Read the full article at: http://www.globes.co.il/en/article-inbal-or-liquidation-petition-withdrawn-1001107312