On December 3, 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 Ultura (LA) Inc. (f/d/b/a Rochem Membrane Systems, Inc.) and its affiliates.
The filing was assigned docket number 197 and is described on the court’s official docket as follows:
Objection by XPV Water Fund (US) Limited Partnership and XPV Water Fund Limited Partnership To: (I) Ultura (Oceanside) Inc.s Motion [D.I. 140] For Order (A) Approving Asset Purchase Agreement And Authorizing The Sale Of Substantially All Of The Assets Of Ultura (Oceanside) Inc. Outside The Ordinary Course Of Business; (B) Authorizing The Sale Of Assets Free And Clear Of All Liens, Claims, Rights, Encumbrances And Other Interests Pursuant To Bankruptcy Code Sections 105, 363(B), 363(F) And 363(M); (C) Assuming And Assigning Certain Executory Contracts And Unexpired Leases; And (D) Granting Related Relief; And (II) Joint Motion [D.I. 141] Of Debtors And Official Committee Of Unsecured Creditors For Order Pursuant To Rule 9019 Of The Federal Rules Of Bankruptcy Procedure Approving Global Settlement Agreement Between And Among The Debtors, Certain Affiliates Of The Debtors, The Official Committee Of Unsecured Creditors, Dr. Hans J. Rohrer, True North Venture Partners, L.P., UAC Finance, Inc. And Those Other Parties To The Global Settlement Agreement (related document(s), ) Filed by XPV Water Fund (US) Limited Partnership, XPV Water Fund Limited Partnership (Attachments: # (1) Certificate of Service) (Cianciulli, Jeffrey)
Ultura (LA) Inc. (f/d/b/a Rochem Membrane Systems, Inc.) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 20, 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 14-12382. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Gross. The law firm of Pachulski Stang Ziehl & Jones LLP is acting as lead bankruptcy counsel to Ultura (LA) Inc. (f/d/b/a Rochem Membrane Systems, Inc.) in the bankruptcy case.