On March 12, 2015, an order regarding the motion for authority to obtain debtor-in-possession financing was filed in the bankruptcy case of Arcapita Bank B.S.C.(c) (f/k/a First Islamic Investment Bank B.S.C. (c)) and its affiliates.
The filing was assigned docket number 2104 and is described on the court’s official docket as follows:
Order of U.S. District Court Judge Katherine Polk Failla signed on 3/5/2015 re: . As set forth at today’s conference, the appeal from the Order dated October 23, 2014, of the United States Bankruptcy Court for the Southern District of New York is DISMISSED for lack of standing to appeal. Appellant has failed to demonstrate that he was directly and adversely affected pecuniarily by the October 23 Order. Prior decisions of courts within this District, to the extent they found that Appellant had standing to appeal prior orders of the Bankruptcy Court, are not law of the case with respect to Appellants standing to appeal the October 23 Order. In the alternative, to the extent that Appellant has a direct and pecuniary interest in the October 23 Order, that order is AFFIRMED. The Clerk of Court is directed to terminate the appeal and to close this case. (tro)
Arcapita Bank B.S.C.(c) (f/k/a First Islamic Investment Bank B.S.C. (c)) filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 19, 2012. 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 12-11076. The bankruptcy case is currently assigned to United States Bankruptcy Judge Sean Lane. The law firm of Gibson Dunn & Crutcher LLP is acting as lead bankruptcy counsel to Arcapita Bank B.S.C.(c) (f/k/a First Islamic Investment Bank B.S.C. (c)) in the bankruptcy case.