What does "Under Receivership" status mean?

Name: Company Data: ห้างหุ้นส่วนจำกัด สหมิตรการค้าไม้
Creator: ThaiBizIndex
License: https://www.thaibizindex.com/disclaimer

Question

Accepted Answer

"Under Receivership" means the court has issued a receivership order and all company assets are under the control of the official receiver.