The Central District Court granted food tech company InnovoPro’s request on Monday to initiate insolvency proceedings after it accumulated debts totaling approximately 6.8 million shekels (around $2 million). Judge Merav Ben-Ari also appointed Attorney Gonen Kestenbaum as a temporary trustee. The court further issued an order prohibiting the company from repaying previous debts and froze all legal proceedings against it.
The petition, submitted by attorneys Idan Adler Reiss and Zvi Karl of the law firm Furth, Wilensky, Mizrachi, Knaani, describes InnovoPro as an Israeli company specializing in the development, production, and marketing of innovative ingredients for the global food and beverage industry based on chickpea protein. Founded…