Excel Maritime's Creditors Get OK To Probe Affiliate

Law360, New York (October 15, 2013, 5:58 PM ET) -- Unsecured creditors of Excel Maritime Carriers Ltd. on Tuesday received a New York bankruptcy judge’s go-ahead to subpoena documents from another Greek shipping company controlled by its chairman without the hassle of operating under international discovery law.

The official committee of unsecured creditors received court approval to probe shareholder affiliate Ivory Shipping Inc. for documents relating to its investigation into the financial practices of Excel and its chairman, Gabriel Panayotides, under Rule 2004 of the Federal Rules of Bankruptcy Procedure. The committee thought it would have...
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Case Title

Excel Maritime Carriers Ltd.


Case Number

7:13-bk-23060

Court

New York Southern

Nature of Suit

Date Filed

July 1, 2013

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