The court addressed the priority of notes in a reorganization plan, affirming the priority of Second-Lien Notes over Subordinated Notes and denying Senior-Lien Notes holders a make-whole premium. The court found error in the interest rate calculation for replacement notes and remanded for further proceedings. Appeals were not dismissed as equitably moot.
documents/vol00010-efta01358970-pdf.pdf
{"title":"In re CIL, LTD., Debtor","key_people":["Judge Drain"],"document_date":"2018-05-04","document_type":"legal","key_locations":["Southern District of New York"],"document_subtype":"Court Opinion","key_organizations":["United States District Court for the Southern District of New York"],"reference_numbers":["18-cv-2226","15-1682 JA 4165","15-1682 JA 4837"]}