It was a paper giant in Turkey, now it has declared concordat: It was producing 30 thousand tons per year

Founded in 2013 and operating in the Adana Hacı Sabancı Organized Industrial Zone, Konil Kağıt ve Ticaret Limited Şirketi was unable to overcome its financial bottleneck and applied to the Gaziantep 1st Civil Court of First Instance.

The court issued a three-month temporary grace period for the company and appointed three concordat commissioners.

The recycling company, which has an annual production capacity of 30 thousand tons, is seeking a way out of the financial crisis, and it has been decided that its payments will be subject to the approval of the temporary commissioners.

The company's next hearing will be held on October 23.

According to information reported by telgraf.net, the decision was detailed as follows: "Regarding the plaintiff Konil Kağıt Sanayi Ve Ticaret Limited Şirketi, registered under the 41 registry number of the Gaziantep Trade Registry Directorate, and regarding Ali KONUKOĞLU with the T.C. Identity Number 28**, a temporary grace period decision has been issued for a period of 3 months, starting from 07/08/2025 at 11:21..."

In addition, a 7-day period was granted for creditors to file objections, and legal expert Dr. Lecturer Abdullah Erdoğan, Financial Advisor Sedat Kılınç, and Certified Public Accountant - Independent Auditor Fevzi Elmas were appointed as temporary concordat commissioners to examine whether the concordat can succeed.

News Source: 12punto