In Re Monitor Single Lift I, Ltd.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
MEMORANDUM OPINION AND ORDER DENYING MOTION TO ABSTAIN PURSUANT TO BANKRUPTCY CODE § 305(a)
MARTIN GLENN, Bankruptcy Judge.
Pending before the court is a motion by the Ad Hoc Committee of Bondholders (“Ad Hoc Committee” or “Bondholders”) for the Court to abstain in the chapter 11 case of Monitor Oil, PLC (“PLC”) pursuant to 11 U.S.C. § 305(a)(1). (ECF Doc. #47.) Norsk Tillitsmann ASA (“Bond Trustee”), the bond trustee of a $50 million issue of PLC bonds, filed a joinder supporting the Ad Hoc Committee’s motion. (ECF Doc. # 84.) The motion is opposed by the Debtors (ECF Doc. #’s 78-82) and by…
2Cases cited22 opinions
- Jp Morgan Chase Bank v. Altos Hornos De Mexico, S.A. De C v. Docket No. 04-0450-CvCourt of Appeals for the Second Circuit · 2005
- Cunard Steamship Company Limited v. Salen Reefer Services Ab, United Brands Company, GarnisheeCourt of Appeals for the Second Circuit · 1985
- Finanz Ag Zurich v. Banco Economico S.A.Court of Appeals for the Second Circuit · 1999
- Victrix Steamship Co. v. Salen Dry CargoCourt of Appeals for the Second Circuit · 1987
- Eastman v. Eastman (In Re Eastman)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1995
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