Hi everyone,
I thought you might be interested in the following:
Avaya just submitted docket 2145, requesting that Judge Bernstein deny SAE Power's request for a stay. The following is from that docket:
PRELIMINARY STATEMENT
1. Nineteen months after they filed their Chapter 11 petitions, and more than seven months after they emerged from Chapter 11, the Debtors stand ready to make a sizable distribution to the more than 1,200 unsecured creditors to the Debtors’ estates by the end of this quarter. To be in this position, the Debtors have worked with creditors, both cooperative and uncooperative, to resolve a multitude of disputes so that unsecured creditors can receive their distributions and the Debtors can move on from these proceedings in their reorganized forms.
It looks like Avaya could start paying us soon if the Judge denies SAE Power's request for a stay.
Stay tuned for more.
Best wishes to all.
Bob