Vitro granted temporary restraining order against creditor actions

By Caroline Salls

Pittsburgh, May 3 - Vitro, SAB de CV has been granted a temporary restraining order, barring creditors from taking action against the company and its subsidiaries, according to a Monday filing with the U.S. Bankruptcy Court for the Southern District of New York.

A hearing on a preliminary injunction, with the same goal of protection from creditors, is scheduled for May 12.

Vitro, a Nuevo Leon, Mexico-based glass manufacturer, filed Chapter 15 bankruptcy on April 14 to gain U.S. recognition of its Mexican reorganization proceedings. The Chapter 15 case number is 11-11754.

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