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27 Cheshvan 5768 - November 8, 2007 | Mordecai Plaut, director Published Weekly
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NEWS
Court Postpones Decision on Heftziba

M. Green

The Jerusalem District Court has postponed the decision on unfreezing proceedings against the Heftziba Group.

Judge Yaakov Tzaban said that both sides would soon be summoned for follow-up hearings. The judge will then have to side either with the banks, which want to unfreeze the proceedings and order the group to liquidate its assets, or with the specially-appointed company director and the official receiver, who want to keep the proceedings frozen until a comprehensive solution is found for all of the projects and all the apartment buyers. A hearing is scheduled for Wednesday, 4 Kislev, to discuss the Beit Shemesh project on its own and for Atty. Molcho to respond to the agreement reached in Beit Shemesh.

Atty. Elkana Holtzer, who represents the apartment buyers in Beitar Illit, said, "Despite the repeated postponements we're hoping that eventually the court will decide that each project will go with its official receiver, even if that takes a long time. As demonstrated in the hearing, this is what the majority of residents want. There's no point in continuing the freeze."

 

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