Adinath Corp. was in trustee-administered liquidation by January 2, 2019, when the court approved the sale of default judgments Dkt. 1881. The next material step after that approval was execution of the authorized sale; a completed disposition is not established.

Adinath Corp. reached plan effectiveness on July 13, 2016, with Charles M. Berk serving as liquidating trustee, as reported in the effective-date notice Dkt. 983. The liquidation continued into late 2018: the court's November 29 remnant-asset bidding order Dkt. 1869 approved a stalking horse bidder and bidding procedures. On January 2, 2019, the court approved the trustee's sale of default judgments Dkt. 1881. Execution of that authorized sale was the next material step; its completion is not established.

Adinath and Simply Fashion Stores, Ltd. filed Chapter 11 petitions on April 16, 2015. Adinath was the general partner of Simply Fashion, an apparel retailer operating 247 stores across 25 states. The first-day declaration Dkt. 22 attributed the financial distress to declining sales and store traffic and described a proposed liquidation process involving Hilco Merchant Resources and Gordon Brothers Retail Partners as stalking horse counterparties.

To finance the bankruptcy process, the May 6, 2015 final financing order Dkt. 196 authorized a revolving DIP facility from JNS INVT, LLC permitting advances up to $1,250,000 at 6% annual interest, together with use of cash collateral, certain priming liens and superpriority administrative claim status. That amount was an authorized borrowing limit, not a reported outstanding balance.

Adinath Corp. was in trustee-administered liquidation by January 2, 2019, when the court approved the sale of default judgments Dkt. 1881. The next material step after that approval was execution of the authorized sale; a completed disposition is not established.

Adinath Corp. reached plan effectiveness on July 13, 2016, with Charles M. Berk serving as liquidating trustee, as reported in the effective-date notice Dkt. 983. The liquidation continued into late 2018: the court's November 29 remnant-asset bidding order Dkt. 1869 approved a stalking horse bidder and bidding procedures. On January 2, 2019, the court approved the trustee's sale of default judgments Dkt. 1881. Execution of that authorized sale was the next material step; its completion is not established.

Adinath and Simply Fashion Stores, Ltd. filed Chapter 11 petitions on April 16, 2015. Adinath was the general partner of Simply Fashion, an apparel retailer operating 247 stores across 25 states. The first-day declaration Dkt. 22 attributed the financial distress to declining sales and store traffic and described a proposed liquidation process involving Hilco Merchant Resources and Gordon Brothers Retail Partners as stalking horse counterparties.

To finance the bankruptcy process, the May 6, 2015 final financing order Dkt. 196 authorized a revolving DIP facility from JNS INVT, LLC permitting advances up to $1,250,000 at 6% annual interest, together with use of cash collateral, certain priming liens and superpriority administrative claim status. That amount was an authorized borrowing limit, not a reported outstanding balance.