The moving party, claiming to be a creditor, brought a motion to annul a bankruptcy proposal that had been accepted by creditors and approved by the court.
The moving party alleged injustice and fraud regarding the voting of contingent claims and the transfer of business opportunities to a related company.
The court dismissed the motion, finding it to be an abuse of process and a collateral attack on the court's approval order, as the moving party was aware of the material facts at the time of the creditors' meeting but failed to object or appeal.