Trinity Coal creditors file involuntary Ch. 11
Feb 22, 2013 | 02:53 PM
| Stacy Irish
Tags
Trinity Coal,
Essar,
metallurgical coal,
bankruptcy,
Chapter 11,
Stacy Irish
NEW YORK — Creditors of Trinity Coal Corp. have filed for involuntary Chapter 11 bankruptcy protection.
The filing against parent Essar Group by Trinity Coal creditors, including Credit Agricole SA, Natixis SA and ING Capital LLC, is aimed at safeguarding $104.2 million in claims, according to documents filed in U.S. Bankruptcy Court in Kentucky.
India-based Essar Group—whose Essar Minerals Ltd. subsidiary acquired Scott Depot, W.Va.-based Trinity Coal in 2010 for $600 million (amm.com, March 5, 2010)—did not respond to requests for comment.....
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