Kangadis Food Has Interim OK to Use Citibank Cash Collateral

Wednesday, 18 June 2014 00:35
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Judge Robert E. Grossman of the U.S. Bankruptcy Court for the Eastern District of New York gave Kangadis Food Inc. interim authority to use cash collateral in which Citibank, N.A., has an interest. Prior to the Petition Date, the Debtor was indebted to Citibank in the amount of $3.5 million plus accrued and compound interest, fees, costs and attorney's fees as may be accrued.

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