Seegrid Corporation Bankruptcy New Filing Alert: Objection To The Motion For Authority To Obtain Debtor-In-Possession Financing

On December 30, 2014, an objection to the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Seegrid Corporation and its affiliates.

The filing was assigned docket number 264 and is described on the court’s official docket as follows:

Objection (Horbal Group’s Objection to the Debtor’s Motion for Entry of Interim and Final Orders (I) Authorizing the Debtor to Obtain Postpetition Financing Pursuant to Section 364 of the Bankruptcy Code (II) Authorizing the Use of Cash Collateral Pursuant to Section 363 of the Bankruptcy Code (III) Granting Adequate Protection to the Prepetition Secured Parties Pursuant to Sections 361, 362, 363 and 364 of the Bankruptcy Code (IV) Granting Liens and Superpriority Claims (V) Modifying the Automatic Stay and (VI) Scheduling a Final Hearing) (related document(s)[13]) Filed by The Horbal Group (Attachments: # (1) Certificate of Service) (Ramos, Marcos)

Seegrid Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on October 21, 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 14-12391. The bankruptcy case is currently assigned to United States Bankruptcy Judge Brendan Linehan Shannon. The law firm of Morris, Nichols, Arsht & Tunnell LLP is acting as lead bankruptcy counsel to Seegrid Corporation in the bankruptcy case.


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