Tel Aviv District Court Judge Varda Alshech has given the sides five days to reach agreement.
The Tel Aviv District Court today asked Delek Real Estate Ltd. (TASE: DLKR and its unsecured creditors to continue talks and attempt to reach an agreed debt settlement within five days. "All's well that ends well," wrote Judge Varda Alshech regarding the conduct of the parties that may result in the liquidation of the real estate company controlled by Yitzhak Tshuva.
Despite her request, the judge said that she did not want to delve too deeply into the details of the debt settlement, insisting that that is not the job of the court.
Published by Globes, Israel business news - www.globes-online.com - on April 17, 2012
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