Motion for Asset Sale Approved for Celadon Group, Inc.
December 09, 2020 at 11:00 pm EST
The US Bankruptcy Court gave an order approving the sale of certain assets of Celadon Group, Inc. on December 10, 2020. The debtor has been authorized to sell its certain assets to Indianapolis Public Transportation Corporation, the highest bidder, for a purchase price of $3 million in cash, pursuant to the asset purchase agreement dated November 12, 2020. The debtor’s assets include real property located at 9503 E. 33rd Street, Indianapolis, Indiana 46229.