What does "Under Receivership" status mean?

Name: Company Data: บริษัท ไบร์ท แอนด์ ไนซ์ ฟิวเจอร์ จำกัด
Creator: ThaiBizIndex
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Accepted Answer

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