Agrexco trustee Shlomo Nass has asked for an extension to the deadline to find a buyer for the Israeli exporter after just one formal bid was lodged.
Only one of the parties said to be interested in bidding for the firm submitted an offer prior to the 26 July deadline, according to newspaper Globes.
Company trustee Dr Shlomo Nass has asked the Tel Aviv District Court for a postponement of seven to 10 days in order to find a buyer.
Despite strong interest from around 10 individual entities, there has only been one formal bid so far, at a level which is believed to be well below the actual valuation of the group.
Some of the other potential buyers have apparently asked for an additional 72 hours in order to conduct further due dilligence tests and to speak to the group's grower-suppliers.
According to Globes, parties that have expressed an interest in buying Agrexco include Total Produce, DS Apex Holdings, Avraham Bigger and Paine & Partners.
Nass told Globes: "Over the last three weeks, we have succeeded in collecting more than €15 million for the stay of proceedings, which is more than we expected.
"There is no doubt that if the company were liquidated, the money would not have come in."
Tel Aviv District Court Judge Varda Alshech is set to hear the various creditors' positions and make a ruling on any potential extension of the deadline later in the day.
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