JPMCC 2007 - CIBC 19 East Greenway LLC v. Bataa/Kierland LLC, et al
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|Date Filed||#||Document Text|
|August 29, 2014
MEMORANDUM DECISION - The order of the bankruptcy court confirming the Amended Plan of Reorganization is hereby REVERSED, and the matter is REMANDED to the bankruptcy court for further proceedings consistent with this decision. On remand the bankru ptcy court must accept as established fact that: 1. The value of Debtors real property securing the claim of JPMCC 2007CIBC 19 East Greenway, LLC is not less than $18,118,815; and 2. Bataa Oil is indebted to Debtor in the sum of $14,900,000, in which JPMCC 2007CIBC 19 East Greenway, LLC has a security interest. The Clerk of the Court is directed to enter judgment accordingly. (See document for further details). Signed by Judge John W Sedwick on 8/28/14. (LAD)
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