Concordat Decision for a 29-Year-Old Intercity Bus Company
A three-month temporary grace period has been issued by the court for the Sakarya-based long-standing road passenger transport company.
A three-month temporary concordat grace period has been granted by the court for Sakarya-based VİB Turizm, operating in the road passenger transport sector, and commissioners have been appointed to the company.
Decision Rendered by the Court
In accordance with the decision of the Sakarya 1st Commercial Court of First Instance dated August 28, 2026, an official temporary concordat process was initiated for the Limited Liability 37 No. Sakarya VİB Bus Operators Road Passenger Transport Cooperative.
Three-Month Temporary Grace Period
The court ruled to grant a three-month temporary concordat grace period, effective from August 28, 2026, to the intercity passenger transport company that has been operating for twenty-nine years.
Appointed Temporary Commissioners
Prof. Dr. Ali Taş, Prof. Dr. Habib Yıldız, and Prof. Dr. Selahattin Karabınar from the Sakarya Regional Expert Board list were appointed as temporary concordat commissioners to examine the possibility of the concordat achieving success.
Financial Status and Tax Plate Details
According to the company's tax plate records, it did not declare a tax base in 2024 and 2025, and it was stated that this situation points to the possibility of losses stemming from expenses exceeding revenues.