Farlab, a 30-year-old healthcare company operating in Izmir, has gone bankrupt
While Farlab, a company known for its domestic antigen test kit during the COVID-19 period, has gone bankrupt, the concordat requests of two other companies in the same case were rejected.
A bankruptcy ruling has been issued for Farlab, a medical supplies manufacturer with a history of approximately 30 years operating in the İTOB Organized Industrial Zone in Izmir's Menderes district. The requests of the other two companies included in the same concordat case were dismissed by the court.
Bankruptcy and Concordat Rulings
While the court issued a bankruptcy ruling for Farlab, it also rejected the requests of Türklab and S.K. Teknoloji companies, which were in the same concordat case.
Revocation of the Definitive Period
With this legal decision, the definitive period previously applied to the three companies was completely lifted.
Termination of Measures
In accordance with the decision taken by the court, all existing measures were terminated and the duty of the concordat commissioner committee was ended.
Initiation of the Liquidation Process
While the bankruptcy liquidation process was officially initiated for Farlab, no information was provided regarding the operational status of the other companies.
Past Production Activities
Having a deep-rooted history of approximately 30 years, Farlab manufactured medical supplies at its facility in Izmir.
Activities During the Pandemic Period
The partnership of Türklab and Farlab had developed a domestic antibody-based antigen test kit with a TÜBİTAK-supported project during the COVID-19 outbreak.
Right of Appeal Open
In the published official announcement, it was stated that debtors or creditors could apply for an appeal against the decision within two weeks from the date of notification.