Ideal Diamond Trading Limited (f/k/a Jade Crown Trading Limited), a diamond trader based in Hong Kong, has filed a petition for relief under Chapter 11 in the Bankruptcy Court for the District of Delaware (Case No. 17-12202). Ideal is an affiliate of Exelco North America, Inc. (Lead Case No. 17-12029) and it is expected that Ideal’s case will be jointed administered with Exelco. Ideal’s Petition estimates its assets and liabilities to be between $10 – $50 million. Donlin Recano is the claims and noticing agent for the Exelco cases. The Exelco cases have been assigned to the Honorable Kevin Gross.
Contact Norman L. Pernick and Nicholas J. Brannick for more information.