Company: INCR
Filing Date: 2025-05-01
Form Type: 20-F
Source: 0001641172-25-007971
Chunk: 139

Company: Intercure Ltd.
Filing Date: 2025-05-01
Form: 20-F
Item: Item 8
Chunk 139
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4. On May 16, 2024, the court dismissed the applicants’ motion to amend the Approval Request and granted the respondents’ motion for summary dismissal, thereby rejecting the class action at this preliminary stage. The court also dismissed the applicants’ personal claims and ordered them to pay legal costs and attorneys’ fees of NIS 10,000 to each respondent, to be paid within 30 days from the date of the ruling.
 
Civil Appeal No. 5709-24
 
On July 14, 2024, an appeal was filed with the Israeli Supreme Court under Civil Appeal No. 5709-24, (the “Appeal”), challenging the May 16, 2024 ruling of the District Court in Class Action – T.Z. 25114-04-23. In that ruling, the District Court denied the applicants’ motion to amend the Approval Request and granted the respondents’ motion for summary dismissal, effectively rejecting the class action at a preliminary stage. As part of the Appeal, the applicants argue that they were denied the right to cross-examine declarants and challenge the dismissal of their personal claims and the court’s order to pay legal costs. Additionally, the applicants requested a stay of execution of the District Court’s ruling regarding the payment of legal expenses. However, on July 29, 2024, the Supreme Court denied the request for a stay of execution.
 
On September 25, 2024, the applicants submitted a motion to introduce new evidence in the Appeal. The respondents opposed the motion, arguing that the new evidence was irrelevant to the Appeal and that its submission constituted an abuse of process. On March 2, 2025, the respondents submit their response.
 
Insolvency 57752-07-22 Regarding Cantek Group.
 
On July 27, 2022, Cantek Group companies (the “Cantek Group”) filed a request for a debt settlement with their creditors, and for a stay of proceedings order in accordance with the Insolvency and Economic Rehabilitation Law, all as a result of large debts accumulated by the Cantek Group.
 
On July 31, 2022, the court issued a stay of proceedings order against the Cantek Group and appointed a settlement manager to assist in settling the debts of the Cantek Group. InterCure and Canndoc filed a debt claim against the Cantek Group in September 2022 totaling NIS 3,501,659, which is secured by a permanent first-degree lien on one of Cant