26.10.2026 10:00
Bankruptcy decisions were issued for two companies operating in different sectors in Istanbul. The bankruptcies of İdeal Ecza Deposu, whose concordat applications were rejected by the courts, and of the 20-year-old ÜSO Su Armatürleri, were announced one day apart.
Concordat applications and bankruptcy rulings continue for companies that have fallen into financial bottlenecks due to economic difficulties. In Istanbul, the concordat requests of two companies operating in the pharmaceutical warehouse and water fittings sectors were rejected by the courts.
IDEAL PHARMACEUTICAL WAREHOUSE WENT BANKRUPT
Istanbul 23rd Commercial Court of First Instance issued its ruling regarding Ideal Pharmaceutical Warehouse, which had applied for concordat due to financial difficulties.
The court rejected the company's concordat request and ruled for its bankruptcy on October 21, 2026.
20-YEAR-OLD COMPANY COULD NOT ESCAPE BANKRUPTCY EITHER
Another bankruptcy ruling was issued regarding ÜSO Water Fittings, which operates in the water fittings sector. According to NTV's report, Istanbul 1st Commercial Court of First Instance rejected the concordat request of the company, which has been operating for about 20 years. The court ruled for the bankruptcy of ÜSO Water Fittings on October 22, 2026.
CONCORDAT REQUESTS OF TWO COMPANIES REJECTED
Thus, two companies operating in different sectors in Istanbul entered bankruptcy proceedings with court decisions issued one day apart.
The rejection of the concordat requests filed by both companies to overcome their financial problems resulted in bankruptcy rulings.