Creditors Look To Force Trinity Coal Into Ch. 11

Law360, Wilmington (February 20, 2013, 8:40 PM EST) -- A group of Trinity Coal Corp. creditors on Tuesday pushed the mining company toward bankruptcy in Kentucky, saying they have lost faith in the ability of Trinity’s management and its Indian parent, the Essar Group, to turn the company around.

The creditors — a Credit Agricole SA unit, ING Capital LLC and Natixis — claim the West Virginia-based coal company owes them over $104 million, according to an involuntary Chapter 11 petition filed in Kentucky bankruptcy court.

The petition was accompanied by a motion to replace...
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