NORPAC Foods, Inc. – Court Grants CoBank’s Request to Lift Automatic Stay; CoBank Agrees to Forbear on Exercising that Right Pending Forward Progress, Including as to Asset Sales

November 20, 2019 – At a continued hearing relating to a motion filed by CoBank, ACB, as Administrative Agent and Lender (“CoBank”), Judge Peter C. McKittrick issued an order (to be redrafted by CoBank's counsel) giving CoBank relief from the automatic stay imposed by section 362 of the Bankruptcy Code (the “Automatic Stay”), but (i)…