KiOR hearing on amended plan disclosure pushed back for third time

By Kali Hays

New York, Feb. 5 – KiOR, Inc.’s hearing to consider the disclosure statement related to its amended plan of reorganization has been adjourned to March 9 from Feb. 12, according to Thursday notice from the U.S. Bankruptcy Court for the District of Delaware.

This is the third adjournment of the hearing.

As previously reported, KiOR’s largest unsecured creditor, the Mississippi Development Authority, objected to the disclosure statement claiming that it failed to “inform creditors of what is really happening in this case and with the debtor’s business.”

KiOR is a Pasadena, Texas-based development-stage, next-generation renewable fuels company that filed for bankruptcy on Nov. 10. The Chapter 11 case number is 14-12514.

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