Gridway Energy Holdings, Inc. Bankruptcy New Filing Alert: Objection To The Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On June 10, 2014, an objection to the motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Gridway Energy Holdings, Inc. and its affiliates.

The filing was assigned docket number 350 and is described on the court’s official docket as follows:

Limited Objection and Reservations of Rights to the Debtors’ Sale Motion and the Assumption and Assignment of Its Agreements with Debtor Glacial Energy of New Jersey, Inc. Referenced in Notice of Filing Third Supplement to Amended Notice of (I) Proposed Assumption and Assignment of Certain Executory Contract(s) and Unexpired Leases in Connection with the Sale of the Debtors’ Assets and (II) Objection Deadlines With Respect Thereto (related document(s)[13], [218], [221], [267]) Filed by PJM Interconnection, LLC, PJM Settlement, Inc. (Attachments: # (1) Certificate of Service) (Hoensch, Fred)

Gridway Energy Holdings, Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on April 10, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Delaware. The case number for the lead bankruptcy case is 14-10833. The bankruptcy case is currently assigned to United States Bankruptcy Judge Christopher Sontchi. The law firm of Patton Boggs LLP is acting as lead bankruptcy counsel to Gridway Energy Holdings, Inc. in the bankruptcy case.

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