{"id":"court_ctb_678_4","court":"CTB","case_no":"22-50073","doc_number":678,"sub_number":4,"doc_type":"ORDER","filed_date":null,"title":"C28822459093 DB69473-4ileFiledd882412Enter888924122008666000000000000000000000000000000000000000000000000000000000000000","summary_zh":null,"summary_en":null,"body_en":"## C28822459093 DB69473-4ileFiledd882412Enter888924122008666000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000 Pa 1 of 2\n\nUNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK\n\nIn re:\n\nChapter 11\n\nGenever Holdings LLC,\n\nCase No. 20-12411 (JLG)\n\nDebtor.\n\n## ORDER GRANTING DEBTOR'S SECOND RENEWED MOTION TO APPROVE THE REVISED SETTLEMENT AGREEMENT\n\nUpon the Debtor's renewed motion (ECF No 131) (the \"Renewed Motion\") of Genever Holdings LLC, (the \"Debtor\") seeking approval of a certain settlement agreement between the Debtor, Pacific Alliance Asia Opportunity Fund L.P. (\"PAX\") and Bravo Luck Limited (\"Brayo Luck\") (ECF No. 62); and upon the opposition to the Renewed Motion filed by the Office of the U.S. Trustee via a motion for the appointment of an Operating Chapter 11 Trustee (ECF No. 64) (the \"UST Opposition\"); and upon the supplemental responses filed by the Debtor, PAX and Bravo Luck relating to the UST Opposition (ECF Nos. 76, 81, 83, 95, 96, 97, 99, 104, 105 and 106); and a series of hearings having been held before the undersigned; and upon the record compiled at these hearings; and the Court having considered the UST Opposition; and upon the September 1, 2021, decision (the \"September 1, 2021 Decision\") in which the undersigned determined that the Restated Settlement meets the standards of reasonableness and is supported by the creditors and major stakeholders in the Chapter 11 case, but denied the Renewed Motion due to issues relating to certain aspects of the proposed retention of Melanie L. Cyganowski, Esq. and her firm, Otterbourg. P.C.; and, thereafter, the Settling Parties having agreed to the Second Amended and Revised Settlement Agreement between the Debtor, PAX and Bravo Luck (the \"Revised Settlement Agreement\") which addresses the concerns raised by the Court in its September 1, 2021 Decision as well as the objections of the U.S. Trustee, which no longer has any objections to the Revised\n\n## C9892429933 DB99473-4ileFile6188624122.html6892442208.0899988888888 Pa 2 of 2\n\nSettlement Agreement and the terms of Melanie L. Cyganowski's employment as Sale Officer for the Debtor; and the Court having agreed to consider final approval of the Renewed Settlement by Notice of Presentment; and based upon the entirety of the record compiled at the various hearings; and good cause appearing therefor; it is hereby\n\nORDERED as follows:\n\n1. The Renewed Settlement Motion is granted as set forth herein.\n\n2. The Revised Settlement Agreement is approved in all respects and shall become effective immediately upon the entry of this Order.\n\n3. J The Debtor's proposed employment of Melanie L. Cyganowski as Sale Officer shall be approved by separate Order to be noticed and entered simultaneously herewith.\n\n4. J The UST Motion seeking the appointment of an Operating Trustee is adjourned sine die.\n\n5. Stay relief is granted to allow PAX to prosecute, and the Debtor to defend, the state court action currently pending in the New York Supreme Court under Docket No. 652077/2017 (the \"State Court Action\"), with the stay to otherwise remain in place for all other purposes, including relating to enforcement or collection of any judgment entered against the Debtor in the State Court Action, pending further order of the Bankruptcy Court upon further notice to all Parties.\n\n6. The Lift Stay Motion and Conversion Motion filed by PAX are withdrawn as mooted by the approval of the Revised Settlement Agreement.\n\nDated: New York, New York October 8, 2021\n\names L. Go\n\nHon. James L. Garrity, Jr.","body_zh":"第 1 页，共 2 页\n\nUnited States Bankruptcy Court Southern District of New York（美国纽约南区破产法院）\n\n案件涉及：\n\n第 11 章\n\nGenever Holdings LLC，\n\n案件编号：20-12411 (JLG)\n\n债务人。\n\n批准债务人关于批准修订后和解协议之第二次重新提出的动议的裁定\n\n鉴于债务人 Genever Holdings LLC（下称“债务人”）重新提出的动议（ECF No. 131）（下称“《重新提出的动议》”），该动议请求批准债务人、Pacific Alliance Asia Opportunity Fund L.P.（下称“PAX”）与 Bravo Luck Limited（下称“Bravo Luck”）之间达成的某项和解协议（ECF No. 62）；且鉴于 Office of the U.S. Trustee（美国破产受托人办公室）通过关于指定一名第 11 章运营受托人的动议对《重新提出的动议》提出的异议（ECF No. 64）（下称“《UST 异议》”）；且鉴于债务人、PAX 与 Bravo Luck 就《UST 异议》提交的补充答辩（ECF Nos. 76、81、83、95、96、97、99、104、105 及 106）；且本署名法官已主持召开一系列听证会；且根据该等听证会所形成的记录；且本法院已审议《UST 异议》；且根据 2021年9月1日 的决定（下称“《2021年9月1日决定》”），署名法官在该决定中认定重述后和解协议符合合理性标准，并获得本第 11 章案件中债权人及主要利益相关方的支持，但因拟聘请 Melanie L. Cyganowski 律师及其所属的 Otterbourg, P.C. 律所的某些聘用条款存在问题而驳回了《重新提出的动议》；此后，和解各方达成并同意了债务人、PAX 与 Bravo Luck 之间的《第二次修改及修订后和解协议》（下称“《修订后和解协议》”），该协议解决了本法院在《2021年9月1日决定》中提出的关切以及 U.S. Trustee（美国受托人）的异议，且美国受托人对《修订后和解协议》以及聘用 Melanie L. Cyganowski 担任债务人出售事务官的条款已不再持有任何异议；且本法院已同意通过提交通知程序审议对重新提出的和解协议的最终批准；并基于历次听证会所形成的全部记录；且有正当充分理由支持；现特此\n\n裁定如下：\n\n1. 本文所述之《重新提出的和解动议》予以准许。\n\n2. 《修订后和解协议》在各方面均予批准，并在本裁定登载入卷后立即生效。\n\n3. 债务人拟聘请 Melanie L. Cyganowski 担任出售事务官之事宜，应由与本裁定同时发出通知并登载入卷的单独裁定予以批准。\n\n4. UST 寻求指定运营受托人的动议无限期延期审理。\n\n5. 准予解除中止，允许 PAX 在目前于 New York Supreme Court（纽约州最高法院）审理、案卷编号为 652077/2017 的州法院诉讼（下称“《州法院诉讼》”）中继续起诉，并允许债务人在该诉讼中进行抗辩；但在破产法院在向各方进一步发出通知后作出进一步裁定之前，中止令在所有其他方面仍完全有效，包括涉及在《州法院诉讼》中对债务人作出的任何判决的执行或追讨。\n\n6. PAX 提交的《解除中止动议》与《案件转换动议》因《修订后和解协议》的批准而失去实际意义，予以撤回。\n\n日期：2021年10月8日，于纽约州纽约市\n\nJames L. Garrity, Jr. 法官阁下","key_entities":["Je"],"ecf_references":[{"doc_number":62,"court":"CTB"},{"doc_number":64,"court":"CTB"},{"doc_number":131,"court":"CTB"}],"word_count":555,"status":"published","published_at":null,"created_at":null,"updated_at":"2026-08-23 12:21:36"}