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IN RE ENTREC CORP.

CASE No: 20-32643 ADVERSARY No. 20-3455.

644 B.R. 521 (2022)

IN RE: ENTREC CORPORATION and ENT Oilfield Group Ltd. and Capstan Hauling Ltd. and ENT Capital Corp. and ENTREC Holdings Inc. and ENTREC Cranes & Heavy Haul Inc. and ENTREC Services Ltd., Debtors. Wolverine Energy and Infrastructure Inc., Plaintiff, v. ENT Capital Corp. and ENTREC Holdings Inc. and ENTREC Cranes & Heavy Haul, Inc. and ENTREC Corporation, Defendants.

United States Bankruptcy Court, S.D. Texas, Houston Division.

Signed August 9, 2022.

Attorney(s) appearing for the Case

Clarissa Medrano, James Emery Rogers, Akerman LLP, Houston, TX, for Plaintiff.

Scott P. Drake, Emma Louise Persson, O'Melveny & Myers LLP, Dallas, TX, Veronica Portillo Kendrick, Norton Rose Fulbright LLP, Dallas, TX, for Defendants.

MEMORANDUM OPINION

Wolverine and ENTREC entered into an Asset Purchase Agreement for the sale of equipment. Wolverine gave ENTREC a deposit. The contemplated transaction did not close, and Wolverine wants its deposit back. Under the APA, Wolverine must have been ready...

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