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

On January 7, 2015, an order regarding 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 748 and is described on the court’s official docket as follows:

Order Pursuant to Sections 105(a), 363 and 365 of the Bankruptcy Code and Bankruptcy Rules 6004 and 6006 (I) Authorizing Sale of the Assets of Ziphany, LLC, Pursuant to the Asset Purchase Agreement, Free and Clear of All Liens, Claims, Encumbrances and Other Interests; (II) Approving the Asset Purchase Agreement; (III) Approving Assumption and Assignment of Certain Executory Contracts and Unexpired Leases Related Thereto; (IV) Providing for the Payment of the Sale Proceeds in Accordance with Order Approving the Global Settlement; and (V) Granting Related Relief. (Related document(s)[664], [736]) Order Signed on 1/7/2015. (Attachments: # (1) Exhibit 1) (DMC)

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.


Leave a Reply