Nautilus Holdings Limited Bankruptcy New Filing Alert: Order Regarding The Motion For Authority To Use Cash Management Systems

On January 30, 2015, an order regarding the motion for authority to use cash management systems was filed in the bankruptcy case of Nautilus Holdings Limited and its affiliates.

The filing was assigned docket number 316 and is described on the court’s official docket as follows:

Fifth Interim Order signed on 1/29/2015 (I) Authorizing Continued Use of Existing Cash Management System, Bank Accounts and Business Forms (until 2/27/2015) and Payment of Related Prepetition Obligations and (II) Waiving Investment and Deposit Requirements (related document(s)[232]), with final hearing (OR a further interim hearing) to be held on 3/3/2015 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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