Nautilus Holdings Limited Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Pay Claims Of Taxing Authorities

On June 25, 2014, an order regarding the motion for authority to pay claims of taxing authorities was filed in the bankruptcy case of Nautilus Holdings Limited and its affiliates.

The filing was assigned docket number 29 and is described on the court’s official docket as follows:

Interim Order signed on 6/25/2014 (I) Authorizing, But Not Directing, the Debtors to Pay Sales, Use and Foreign Taxes, and (II) Directing Banks to Honor Payments Relating to Such Taxes (related document(s)[10]), with final hearing to be held on 7/11/2014 at 10:00 AM at Courtroom 118, White Plains Courthouse. (Logue Togher, Claire)

Nautilus Holdings Limited filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on June 23, 2014. The bankruptcy case is pending before the United States Bankruptcy Court for the Southern District of New York . The case number for the lead bankruptcy case is 14-22885. The bankruptcy case is currently assigned to United States Bankruptcy Judge Robert Drain. The law firm of Skadden, Arps, Slate, Meagher & Flom LLP is acting as lead bankruptcy counsel to Nautilus Holdings Limited in the bankruptcy case.

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