NEW INFO: Federal Judge Delays SIST Bankruptcy Dismissal

The Shawano Leader reports A U.S. Bankruptcy Judge is granting a temporary stay of any civil action against the Samanta Roy Institute of Science and Technology, or SIST, while appeals the dismissal of its Chapter 11 bankruptcy petition.

U.S. Bankruptcy Judge Kevin Gross, who dismissed the bankruptcy case last month, says he's issuing the stay despite very slim chances of SIST successfully appealing.

The stay puts a temporary hold on the Order for Dismissal Gross issued Sept. 21.

SIST last week filed a request for a stay of any other legal action while the appeal is pending and outlined the case it expects to make when the appeal is heard.

According to the filing, SIST is maintaining a number of errors by the bankruptcy judge in reaching his decision

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