After intensive talks, insolvency case against Landa Labs is dropped

A bankruptcy petition filed on Tuesday against Landa Labs, the innovation and research arm of Benny Landa’s business group, was withdrawn after intensive negotiations over the past 24 hours. The Central District Court in Lod had received the request from Altana Netherlands B.V., but after the sides reached an understanding, Judge Hana Kitzis ordered the petition erased and the case closed. As a result, no insolvency proceeding will be opened against the company.

The petition alleged that Landa Labs had failed to repay a 16 million euro loan from Altana, due on May 20, 2025. Landa Labs and the creditor then entered what the filing described as “intensive contacts,” leading to an agreed commercial framework for the loan. According to that framework, the debt will be arranged over the long term, subject to a final agreement between the parties.

In their joint request to dismiss the case, the parties stressed that the withdrawal would not waive or prejudice any of their claims against one another. People close to the talks said the dispute amounted to “a storm in a teacup” caused by a misunderstanding during the negotiations.

Landa Labs, founded in 2012, is part of the Landa Group. Altana and Landa Labs had previously held shares in Landa Corporation, another Benny Landa company that ran into financial trouble last year and was recently sold to the FIMI fund through a court process. Benny Landa is an Israeli businessman and philanthropist, and the founder of Indigo and Landa Digital Printing.