*1 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK
x In re: Chapter 11 MANHATTAN COUNTRY SCHOOL, Case No. 25-11009 (DSJ)
Debtor. x ORDER CONCERNING COMMUNICATION FROM CONCERNED PARENT The Court received the attached email today from a parent raising complaints and allegations regarding Mr. Kiran Kulkarni and Casa Laxmi, an entity that was a proposed debtor-in-possession (“DIP”) lender to the debtor. An officer or principal of Casa Laxmi also signed Debtor’s petition. The petition was filed on Friday, May 16. On Tuesday, May 20, 2025, following a hearing to consider a request for approval of emergency DIP financing from Casa Laxmi, the Court issued an oral ruling followed by a written order denying the application without prejudice to renewal, either in modified form or backed by additional evidence establishing that the application meets all applicable requirements. The basis for the ruling was the debtor’s failure to establish that its proposed new financing adequately protected the interests of Debtor’s pre-petition secured lender, but, for financing to be approved, additional requirements also would need to be met. See, e.g., In re LATAM Airlines Grp. S.A., 620 B.R. 722, 769-777 (Bankr. S.D.N.Y. 2020).
Substantive communications to the Court should be filed on the Court’s docket. Any party in interest is welcome to make submissions or be heard by the Court. So ordered. Dated: New York, New York s/ David S. Jones
May 29, 2025 Honorable David S. Jones United States Bankruptcy Judge