Committee Wants Revstone Units In Ch. 11 Before Sale

Law360, Wilmington (June 21, 2013, 7:32 PM EDT) -- The creditors' committee in the Revstone Industries LLC Chapter 11 case balked Friday at the company's plan to sell two nondebtor affiliates for at least $54 million, arguing the units should also be in bankruptcy before they hit the auction block.

The official committee of unsecured creditors filed a limited objection to Revstone's request in the U.S. Bankruptcy Court for the District of Delaware, and stated they don't have a problem with the idea of the sale of Contech Castings LLC and Contech Castings Real Estate...
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