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In re Chrysler LLC, Debtor - in

In re Chrysler LLC, Debtor - in 2025

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The document is an application for an immediate stay of sale orders issued by the Bankruptcy Court regarding Chrysler LLC's assets. The Indiana State Police Pension Trust, Indiana State Teachers Retirement Fund, and Indiana Major Moves Construction Fund (collectively referred to as the 'Indiana Pensioners') are petitioners seeking to prevent the sale of Chrysler's operating assets, arguing that it undermines their rights as first lien creditors. They contend that the expedited sale process, orchestrated with the involvement of the U.S. Treasury and TARP funds, violates bankruptcy laws and prioritizes unsecured creditors over secured ones. The petition highlights significant legal issues regarding government intervention in bankruptcy proceedings and seeks judicial review to ensure adherence to established bankruptcy principles.

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