Case number: 1:23-bk-10322 - Eletson Holdings Inc. and Reorganized Eletson Holdings Inc. - New York Southern Bankruptcy Court

Case Information
  • Case title

    Eletson Holdings Inc. and Reorganized Eletson Holdings Inc.

  • Court

    New York Southern (nysbke)

  • Chapter

    11

  • Judge

    John P. Mastando III

  • Filed

    03/07/2023

  • Last Filing

    12/23/2024

  • Asset

    Yes

  • Vol

    i

Docket Header
Lead, Mediation, Convert, MEGANY, APPEAL



U.S. Bankruptcy Court
Southern District of New York (Manhattan)
Bankruptcy Petition #: 23-10322-jpm

Assigned to: Judge John P. Mastando III
Chapter 11
Previous chapter 7
Original chapter 7
Involuntary
Asset


Date filed:  03/07/2023
Date converted:  09/25/2023
341 meeting:  01/05/2024
Deadline for filing claims:  12/18/2023

Debtor

Eletson Holdings Inc.

1 Landmark Square, Suite 424
C/O Agent Eleston Maritime, Inc.
Stamford, Connecticut 06901
OUTSIDE U. S.
Greece
Tax ID / EIN: 00-0000000
aka
Eletson


represented by
Derek J Baker

Reed Smith LLP
1717 Arch Street
Three Logan Square
Philadelphia, PA 19103
215-851-8148
Email: dbaker@reedsmith.com

Andrew Buck

Reed Smith LLP
599 Lexington Avenue
New York, NY 10022
212-549-0347
Email: abuck@reedsmith.com

William E Curtin

Sidley Austin LLP
787 Seventh Avenue
.
New York, NY 10019
212-839-6745
Fax : 212-839-5599
Email: wcurtin@sidley.com

Petitioning Creditor

Pach Shemen LLC

1209 N. Orange Street
Wilmington, DE 19801

represented by
Jared C Borriello

Togut, Segal & Segal LLP
One Penn Plaza
Suite 3335
New York, NY 10119
212-594-5000
Fax : 212-967-4258
Email: jborriello@teamtogut.com

Bryan Kotliar

Togut, Segal & Segal LLP
One Penn Plaza
Suite 3335
New York, NY 10119
212-594-5000
Fax : 212-967-4258
Email: bkotliar@teamtogut.com

Kyle J. Ortiz

Togut, Segal & Segal LLP
One Penn Plaza
Suite 3335
New York, NY 10119
212-594-5000
Fax : 212-967-4258
Email: kortiz@teamtogut.com

Brian F Shaughnessy

Togut, Segal & Segal LLP
One Penn Plaza
Suite 3335
New York, NY 10119
212-594-5000
Email: bshaughnessy@teamtogut.com

Petitioning Creditor

VR Global Partners, L.P.

One Nexus Way
Grand Cayman KY1-9005
Cayman Islands

represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

ALPINE PARTNERS (BVI), L.P.

140 Broadway
38th Floor
New York, NY 10005

represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Gene B. Goldstein


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Gene B. Goldstein, In His Capacity as Trustee of the Gene B. Goldstein and Francine T. Goldstein Family Trust


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Tracy Lee Gustafson


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Jason Chamness


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Ron Pike


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Robert H. Latter


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Mark Millet, In His Capacity as Trustee of the Mark E. Millet Living Trust


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Mark Millet, In His Capacity as Trustee of the Millet 2016 Irrevocable Trust


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Farragut Square Global Master Fund, LP


represented by
Jared C Borriello

(See above for address)

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

Brian F Shaughnessy

(See above for address)

Petitioning Creditor

Deutsche Bank Trust Company Americas as Trustee and Collateral Agent for holders of 9.265% First Preferred Ship Mortgage Notes Due 2022


represented by
John H. Bae

Thompson Hine LLP
300 Madison Avenue
27th Floor
New York, NY 10017
212-908-3929
Fax : 212-344-6101
Email: John.Bae@ThompsonHine.com

Bryan Kotliar

(See above for address)

Kyle J. Ortiz

(See above for address)

U.S. Trustee

United States Trustee

Office of the United States Trustee - NY
Alexander Hamilton Custom House
One Bowling Green, Room 534
New York, NY 10004-1408
(212) 510-0500

represented by
Daniel Rudewicz

DOJ-Ust
1 Bowling Green
New York, NY 10004
212-510-0500
Email: daniel.rudewicz@usdoj.gov

Creditor Committee

Official Committee of Unsecured Creditors
represented by
David A. Herman

Dechert LLP
Three Bryant Park
1095 Avenue of the Americas
New York, NY 10036
212-649-8728
Email: david.herman@dechert.com

Stephen Zide

Dechert LLP
Three Bryant Park
1095 Avenue of the Americas
New York, NY 10036
917-841-4121
Email: stephen.zide@dechert.com

Latest Dockets

Date Filed#Docket Text
12/23/20241328Letter /Letter to the Honorable John P. Mastando III re: Follow-up to December 16, 2024 Status Confernce, Appeal Status (Attachments: Ex. 1A Committee's Motion re: Navigator Gas, Ex. 1B: Debtors' Response to OSC re: Navigator Gas, Ex. 1C Order Affirming Conf. Order re: Navigator Gas), and Ex. 2: Appeal Transcript - District Court) Filed by Kyle J. Ortiz on behalf of Eletson Holdings Inc.. (Ortiz, Kyle) (Entered: 12/23/2024)
12/20/20241327Notice of Hearing /(Hearing Date: 1/6/2025 at 9:30 AM) Notice of Evidentiary Hearing of Reorganized Eletson Holdings Inc. for an Order Imposing Sanctions on Eletson Holdings' (A) Existing Person of Record and (B) Former Shareholders, Officers, Directors, and Counsel, Including Reed Smith LLP (related document(s)1319, 1288, 1291, 1314, 1317, 1290, 1313, 1301, 1316, 1289, 1300, 1268, 1287, 1274, 1299) filed by Kyle J. Ortiz on behalf of Eletson Holdings Inc.. with hearing to be held on 1/6/2025 at 09:30 AM at Courtroom 501 (JPM) (Ortiz, Kyle) (Entered: 12/20/2024)
12/20/20241326Order signed on 12/20/2024 Authorizing Adam Spears to Act as Foreign Representative of Reorganized Holdings and (II) Granting Related Relief.(Related Doc # 1269). (Rodriguez-Castillo, Maria) (Entered: 12/20/2024)
12/19/20241325Application for Final Professional Compensation /Fourth Interim and Final Fee Application of Reed Smith LLP, Counsel to the Debtors and Debtors in Possession, for Compensation and Reimbursement of Expenses for the Period September 25, 2023 Through November 19, 2024 for Reed Smith LLP, Debtor's Attorney, period: 9/25/2023 to 11/19/2024, fee:$17716615.85, expenses: $597990.01. filed by Reed Smith LLP. (Solomon, Louis) (Entered: 12/19/2024)
12/19/20241324Application for Final Professional Compensation /First Interim and Final Fee Application of Investments and Finance Limited for Compensation for Services Rendered and Reimbursement of Expenses as Financial Advisor to Eletson Holdings, Inc. et al. for the Period from July 15, 2024 Through November 19, 2024 for Investments and Finance Limited, Other Professional, period: 7/15/2024 to 11/19/2024, fee:$84,000.00, expenses: $10,972.00. filed by Investments and Finance Limited. (Solomon, Louis) (Entered: 12/19/2024)
12/19/20241323Application for Final Professional Compensation /First Interim and Final Fee Application of Harold Furchtgott-Roth for Compensation for Services Rendered and Reimbursement of Expenses as Economic Expert to the Debtors for the Period of August 7, 2024 Through November 19, 2024 for Harold Furchtgott-Roth, Other Professional, period: 8/7/2024 to 11/19/2024, fee:$235,700, expenses: $2,817.78. filed by Harold Furchtgott-Roth. (Solomon, Louis) (Entered: 12/19/2024)
12/19/20241322Application for Final Professional Compensation / Combined Fourth Interim and Final Fee Application of FTI Consulting, Inc. for Allowance of Compensation for Professional Services Rendered and Reimbursement of Expenses Incurred as Financial Advisor to the Official Committee of Unsecured Creditors During (I) the Fourth Interim Compensation Period of September 1, 2024 Through and Including November 19, 2024, and (II) the Total Compensation Period of December 8, 2023 Through November 19, 2024 for Official Committee of Unsecured Creditors, Other Professional, period: 12/8/2023 to 11/19/2024, fee:$4790959.00, expenses: $340856.39. filed by Official Committee of Unsecured Creditors. (Zide, Stephen) (Entered: 12/19/2024)
12/19/20241321Application for Final Professional Compensation / Fourth Interim and Final Fee Application of Dechert LLP as Counsel to the Official Committee of Unsecured Creditors for Official Committee of Unsecured Creditors, Creditor Comm. Aty, period: 10/25/2023 to 11/19/2024, fee:$10224478.72, expenses: $132636.07. filed by Official Committee of Unsecured Creditors. (Zide, Stephen) (Entered: 12/19/2024)
12/19/20241320Application for Final Professional Compensation /Summary Sheet and First and Final Application of Riveron, RTS LLC as Domestic Financial Advisor to the Debtors, for Interim and Final Allowance of Hourly Compensation for Professional Services Rendered and for Reimbursement of Actual and Necessary Expenses Incurred from August 5, 2024 through October 31, 2024 (Attachments: Exs. 1-4) for Riveron RTS LLC, Other Professional, period: 8/5/2024 to 10/31/2024, fee:$670,013.50, expenses: $3,330.78.(related document(s)398) filed by Riveron RTS LLC. (Ortiz, Kyle) (Entered: 12/19/2024)
12/19/20241319Notice of Hearing /(Status Conference: 12/20/2024 at 11:00 AM) Notice of Status Conference (related document(s)1317, 1316) filed by Kyle J. Ortiz on behalf of Reorganized Eletson Holdings Inc.. with hearing to be held on 12/20/2024 at 11:00 AM at Videoconference (ZoomGov) (JPM) (Ortiz, Kyle) (Entered: 12/19/2024)