Apco liquidating trust
The evidence sought to be included consisted mainly of particulars of further litigation between the parties.
The appellants made use of the gap offered to them to adduce further evidence about the financial irregularities committed by the respondents in managing the affairs of the companies, in order to strengthen their case for a liquidation order.
Davis Wright Tremaine, LLP, Attorneys at Law, Bellevue, WA. Equilon Pipeline Company LLC, et al., June 25, 2004.
Section 502(e)(1)(B) requires disallowance of a claim held by a creditor if (a) the claim is contingent at the time of its allowance or disallowance, (b) the claim is for reimbursement or contribution, and (c) the debtor and the creditor are co-liable on the underlying obligation giving rise to the claim.
To disallow a claim under this section, a debtor must prove all three prongs.
The main thrust of the evidence produced by the respondents was to inform the court of an order made by agreement between the parties by Willis J in the South Gauteng High Court on 22 March 2012, some two months after the dismissal of the application by Sapire AJ.
The effect of the order was that an independent auditor was to be appointed by his professional body as a codirector in the five companies together with the third respondent.
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City utilities director Ken Komiske said he was proud that the community stepped forward to approve the increase which amounts to an estimated $3.74 per month for an average household. 1 and will partially fund $63 million in improvements to the wastewater treatment plant in south Norman.