company undergoing rehabilitation; company in reorganization
Legal and business term for a company that has entered court-supervised rehabilitation proceedings under the Corporate Reorganization Law (会社更生法).
The rehabilitation plan of the company undergoing reorganization was approved by the court.
The law under which a 更生会社 is reorganized; the company itself is the entity subject to the law.
A different, often simpler rehabilitation procedure for smaller companies; 更生会社 is specifically under the 会社更生法.
Compound of 更生 (rehabilitation, rebirth) and 会社 (company). The term is directly tied to the 会社更生法 (Corporate Reorganization Law).