07.06.2025 10:12
The global economic crisis has led to the bankruptcy of numerous companies, and the latest addition to this list is Yediyol Holding. A prominent company in Turkey's renewable energy and agriculture sectors, the 27-year-old Yediyol Holding could no longer withstand the economic difficulties it faced and declared bankruptcy.
The effects of the global economic crisis are being felt seriously in Turkey, while many companies have either applied for concordat or raised the white flag since the beginning of the process.
THEY COULDN'T WITHSTAND ECONOMIC STRAINS
The latest company added to the circle has become Turkey's 27-year-old energy giant. Yediyol Holding, which is among the leading companies in renewable energy and agriculture, could no longer withstand the economic difficulties it faced and went bankrupt.
THE CONCORDAT PROCESS HAS ENDED
The concordat process of the giant holding, which was established in 1998 and operated in the energy sector for many years, has ended with a court decision. The Istanbul 1st Commercial Court ruled for the bankruptcy of Yediyol Holding and its 6 affiliated companies.
THE TEMPORARY STAY HAS BEEN LIFTED
According to the news from Gerçek Gündem, the court decided to lift the temporary stay in the concordat case. It was ruled that the liquidation processes for the relevant companies would be carried out through simple liquidation procedures.