judicial management

Judicial management is a legal process where a company experiencing financial difficulties seeks court approval to be managed by a court-appointed administrator. This administrator takes control to try and turn the company's fortunes around, either by restructuring debt, selling assets, or other strategic actions. The goal is to protect the company’s value, save jobs, and maximize returns for creditors. Judicial management provides a temporary halt to legal actions like bankruptcy or winding-up, giving the company a chance to reorganize under court supervision. It’s a formal mechanism designed to give financially distressed companies a fair and structured way to recover.