A Tel Aviv court has appointed a receiver for the Israeli rough diamond trader Stelman, the Israel Diamond Exchange reported. Stelman’s bank debts are reportedly over $20 million. Stelman is a family-owned company with headquarters in Antwerp. According to reports, it is currently striving to reach debt settlements. Stelman was a major Diamond Trading Company (DTC) sightholder and a leading rough diamond trader. According to reports, aside from a debt of $5 million to Erez Daliyot, no Israeli diamond companies are owed money by Stelman.

The board of Vita-Galilee Fruit Ltd. (Vita-Pri Galil) filed with the Haifa District Court an objection to receivership and foreclosure of the liens filed by Bank Leumi and Israel Discount Bank, Globes Online reported. The company and its subsidiaries will also convene shareholders and creditors' meetings to submit to them a recovery plan. Vita entered into receivership when Bank Leumi and Discount Bank refused to again postpone repayment of the company's debts. On Friday, receivers were appointed to the company after Bank Leumi and Discount Bank filed an ex parte request with the court.