Garrett Motion Gets OKs For Stalking Horse Sale, Debtor Financing

Mealey's ( October 26, 2020, 12:52 PM EDT) -- NEW YORK — A New York federal bankruptcy judge on Oct. 24 approved procedures for the stalking horse sale of Chapter 11 debtor Garrett Motion Inc. over the objections of former parent company Honeywell International Inc., a day after approving a debtor-in-possession (DIP) financing package for Garrett, also over Honeywell’s protests (In re Garrett Motion Inc., et al., No. 20-bk-12212, S.D. N.Y. Bkcy.)....