Catwil Corp. Ex Rel. Official Committee of Unsecured Creditors v. Derf II (In Re Catwil Corp.)

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• observing that filing an adversary complaint before seeking court approval because the statute of limitations is about to run may justify retroactive authorization
• observing that filing an adversary complaint before seeking court approval because the statute of limitations is about to run may justify retroactive authorization
• explaining that bankruptcy courts need not find “extraordinary circumstances” before granting derivative standing retroactively
• “Although procedurally flawed, the filing of the Committee’s adversary proceeding was a good faith attempt to object to [the] bank’s liens or security interest fully within the spirit of the cash collateral agreement and order.”

Source: CourtListener parenthetical corpus (CC0).