29 Mar 2011
PACIFIC TRAWLING LTD V P COLEMAN AS ADMINISTRATOR OF E&B MANAGEMENT LTD HC AK CIV 2011-404-1434
- Citation
- openlaw-ba2ef20e_8650_486c_abde_3a0af944c4f7.pdf
- Court
- High Court
No order for possession or leave was made; the court refused to grant relief at this time because the vessel represented substantial equity for creditors, the applicant's losses appeared covered by that equity, cancellation would likely produce a windfall requiring relief to the company, and the application would be rendered moot or materially affected by the imminent decision on liquidation and the watershed meeting; matter is adjourned pending those developments.