Abeinsa Holding Inc. Bankruptcy New Filing Alert: Motion For Authority To Sell Assets Of The Estates Pursuant To Section 363 Of The Bankruptcy Code

On May 16, 2016, a motion for authority to sell assets of the estates pursuant to section 363 of the Bankruptcy Code was filed in the bankruptcy case of Abeinsa Holding Inc. and its affiliates.

The filing was assigned docket number 224 and is described on the court’s official docket as follows:

Motion to Allow Expedited Motion for Entry of an Order (A) Authorizing the Chapter 11 Debtors to Consent to and Take Reasonably Necessary Actions to Consummate the Non-Ordinary Course of Business Sale of Membership Interests Held by Non-Debtor Indirect Subsidiary, (B) Approving the Chapter 15 Debtors’ Transfer of Property in the Territorial Jurisdiction of the United States and (C) Granting Related Relief Filed by Abeinsa Holding Inc.. Hearing scheduled for 5/25/2016 at 01:30 PM at US Bankruptcy Court, 824 Market St., 5th Fl., Courtroom #5, Wilmington, Delaware. Objections due by 5/23/2016. (Attachments: # (1) Exhibit A # (2) Exhibit B) (Martin, R.)

Abeinsa Holding Inc. filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on March 29, 2016. 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 16-10790. The bankruptcy case is currently assigned to United States Bankruptcy Judge Kevin Carey. The law firm of DLA Piper US LLP is acting as lead bankruptcy counsel to Abeinsa Holding Inc. in the bankruptcy case.


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