October 23, 2018 – Non-Party Mihir Bhansali, a former CEO of Firestar International and described as Nirav Modi’s “right hand man,” filed a memorandum of law [Docket No. 544] in opposition to Punjab National Bank’s motion to compel to produce documents in response to a July 26, 2018 Rule 2004 Subpoena Duces Tecum, which contains…

October 23, 2018 – The Court hearing the Welded Construction case issued an interim order approving the Debtors’ request for a debtor-in-possession (“DIP”) financing facility [Docket No. 44] from lender North American Pipeline Equipment Company. The DIP facility provides for $10 million of borrowings on an interim basis and $20 million on a final basis. …

October 22, 2018 – Brixmor Property Group, C. E. Johns Company, Centennial Real Estate Co., S-Tract and The Macerich Company (together, “the Landlords”) filed an objection to Sears Holdings’ store closing sales and its assumption of a liquidation consulting agreement [Docket No. 23]. The objection [Docket No. 228] asserts, “Landlords do not seek to deny…

October 22, 2018 – Clover Technologies Group filed an objection to Sears Holdings’ store closing sales and its assumption of a liquidation consulting agreement [Docket No. 23]. The objection [Docket No. 211] asserts, “In the Motion, the Debtors seek permission to, among other things, liquidate inventory remaining at the Closing Stores, and such other inventory…

October 22, 2018 – Elements Behavioral Health’s Official Committee of Unsecured Creditors filed an objection to the Debtors’ motion for authority to enter into debtor-in-possession (“DIP”) financing [Docket No. 290]. The objection [Docket No. 530] asserts, “[Stalking Horse] PBBH is now reneging on its agreement to fund certain administrative expense claims, including the fees and…

October 22, 2018 – Privately held Welded Construction and 1 affiliated Debtor (“Welded Construction” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12378 [Docket No.1]. The Company, a mainline pipeline construction contractor headquartered in Perrysburg, Ohio, is represented by Sean M. Beach…

October 19, 2018 – Lucky Dragon Hotel & Casino (“Plaintiffs’’) filed a complaint against Snow Covered Capital [Docket No. 894]. The Plaintiffs allege, “The Lucky Dragon Hotel and Casino primarily consists of 2 entities. The LP, which owns the real estate and improvements at 300 West Sahara Avenue, Las Vegas, Nevada (the ‘Property’), and employed…

October 19, 2018 – American Tire Distributors filed an amended Disclosure Statement in respect of its Joint Plan of Reorganization [Docket No. 191] and a blacklined version of that Disclosure Statement [Docket No. 190] reflecting changes from the version of October 15, 2018 [Docket No. 153]. In addition to the attachment of significant exhibits (listed…