Judge grants request by Limetree Bay to delay auction to next month
Limetree Bay Refining is still on the auction block for now, after a Texas bankruptcy court granted the company’s request for an extension of the deadline for the bidding process.
Bidders for the company were given additional time to prepare, following the request filed on Thursday, a day prior to the scheduled auction.
Attorney Elizabeth Green, representing Limetree Bay, filed a notice of milestone extensions, and presented new dates for the bidding process to the U.S. Bankruptcy Court for the Southern District of Texas. Judge David Jones granted her request after a brief hearing Friday morning.
The auction is now scheduled for 10 a.m. Nov. 12, and bidders have been asked to make a cash deposit by Nov. 10.
Read more: http://www.virginislandsdailynews.com/news/judge-grants-request-by-limetree-bay-to-delay-auction-to-next-month/article_f8d3d7dd-2368-58c4-9b2f-8af061ea37ac.html