Mission Coal Company – Bankruptcy Process Threatened as DIP Lenders Object to Disclosure Statement and Plan Solicitation, Accuse Debtor Insiders of “Ulterior Motives”

January 30, 2019 – The Debtors’ debtor-in-possession (“DIP”) lenders have objected [Docket No. 614] to the Debtors’ request for Court approval of (i) the adequacy of Debtors’ Disclosure Statement and (ii) proposed Plan solicitation and notice procedures [Docket No.  524].  The DIP lenders contend that the Debtors’ Plan contravenes the clear agreement between the DIP…