✓ verbatim from the press ≈ paraphrased
The 2nd Commercial Law Chamber of the Santa Catarina Court of Justice unanimously canceled the bankruptcy of Teka, a century-old manufacturer of bed, table and bath products, ordering the first instance judge to reexamine the process based on an independent audit. ≈
Press quotes (1)
"O novo capítulo é uma decisão unânima da 2ª Câmara de Direito Comercial do Tribunal de Justiça de Santa Catarina, deferida hoje, que revoga a sentença que havia convertido a recuperação judicial da empresa em falência."
The decision revokes the February 2025 ruling that had converted the company's judicial recovery into bankruptcy. Teka employs approximately 1,700 people in two factories, in Blumenau (SC) and Artur Nogueira (SP), according to Exame, although InvestNews reports more than 2,000 employees in the same units. ✓
Press quotes (2)
"A reviravolta dá sobrevida a uma indústria que emprega cerca de 1,7 mil pessoas em duas fábricas, em Blumenau (SC) e Artur Nogueira (SP)"
"A produção se concentra em duas plantas fabris, em Blumenau e em Arthur Nogueira, no interior de São Paulo, que reúnem mais de 2 mil funcionários."
The legal dispute pitted the previous judicial administration, which defended the company's liquidation due to inability to comply with the recovery plan, against the Alumni FIP fund, which took control claiming economic viability. The fund managed to negotiate an 84% discount on tax debt, reducing obligations to R$ 329 million. ✓
Press quotes (1)
"Os novos administradores da indústria centenária conseguiram negociar a maior parte da dívida tributária da companhia e obter um desconto de 84%. Isso levou a obrigação financeira para R$ 329 milhões."
The company projects revenues of R$ 720 million in 2026, a 44% increase over the previous year, in the year it celebrates a century of existence. Teka has accumulated liabilities exceeding R$ 3.5 billion and has been in judicial recovery since 2012. ✓
Press quotes (1)
"A empresa projeta faturar 720 milhões de reais em 2026, alta de 44% sobre o ano anterior"
The decision was unanimous and revokes February 2025 ruling
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (1)
Conflicting versions (1)
Number of Teka employees
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What is the specific legal basis of the SC Court of Justice ruling?
Why it's still unknown: Reports do not detail the doctrinal arguments or precedents invoked by the judges
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What were the conclusions of the independent audit that supported the decision?
Why it's still unknown: The content of the audit report was not disclosed by the press
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What is the Public Prosecutor's position in the case?
Why it's still unknown: No source mentions MP's statement on the company's viability