Mizrahi Tefahot Bank (TASE:MZTF) and temporary receiver for the Or City Real Estate company Adv. Eitan Erez today submitted a request to the Tel Aviv District Court for the sale of four of Inbal Or's apartments in Ramat Gan and Givatayim encumbered by the bank.
The apartments are at 34 Reines Street in Givatayim, 52/21 HaLamed Heh Street in Givatayim, 56 Neve Yehoshua Street in Ramat Gan, and 12-14 Ben Eliezer Street in Ramat Gan.
Mizrahi-Tefahot Bank is seeking to foreclose its mortgage registered on the properties, and the appointment of Adv. Amit Pines and Erez as permanent receivers for the properties, including giving them all the authority required to sell them.
It was reported last Friday that real estate developer Inbal Or had "broken into" an apartment in Givatayim. In a petition by Erez to the Tel Aviv District Court, he demanded that Or be barred from using the apartment on Lamed Heh Street in Givatayim, to which he alleged Or had transferred property.
According to the petition, the apartment, owned by one of the Or City Real Estate companies, should be left unoccupied, because Mizrahi-Tefahot Bank has a lien on it for coverage of Or's debts. At the same time, when representatives of the receiver went to the apartment, they saw an employee of Or working there and property belonging to her. The Court yesterday granted the receiver's petition and ordered Or to desist from using this apartment.
Published by Globes [online], Israel business news - www.globes-online.com - on April 17, 2016
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