Eletson Says 'Fictitious' Entity Can't Bring Appeal

By Emlyn Cameron · September 19, 2025, 6:04 PM EDT

Shipping company Eletson Holdings Inc. told a New York federal court that an appeal regarding its access to emails must be shut down, because the entity that initiated the appeal doesn't...

To view the full article, register now.
Try a seven day FREE Trial

Already a subscriber? Click here to login

Bankruptcy Scorecard

Summary

Greek oil and gas shipper Eletson was forced into bankruptcy by a group of noteholders who said the company had stopped paying its debts. The creditors and the company have filed competing reorganization plans.

Case Number

23-bk-10322

Judge

Brendan L. Shannon

Venue

U.S. Bankruptcy Court for the Southern District of New York

Capital Structure

Total Liabilities:

Eletson and the petitioning creditors have given different debt estimates. Eletson estimates it has $182.6 million of debt that would at most be $502.8 million if the court upholds the unsecured noteholder claims. Claims filed in the case, including a number of disputed claims, listed in the creditors' competing Chapter 11 plan add up to over $776 million.

View Full Scorecard

Documents

Related Sections

Case Information

Case Title

Eletson Holdings Inc.

Case Number

1:23-bk-10322

Court

New York Southern

Nature of Suit

Date Filed

March 07, 2023

Case Title

In Re: Eletson Holdings Inc.

Case Number

1:25-cv-05753

Court

New York Southern

Nature of Suit

Bankruptcy Appeal (801)

Date Filed

July 11, 2025

Recent Articles By Emlyn