What does "Under Receivership" status mean?

Name: Company Data: บริษัท ที อาร์ ซี สมาร์ทบ๊อกซ์ จำกัด
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.