UPDATE 1-Specialty coatings maker nCoat files for bankruptcy

* Lists assets of $1.4 mln, debt of $914 mln

* Names Enable Growth Partners largest unsecured creditor

Aug 16 (BestGrowthStock) – NCoat Inc (NCOA.PK: ), which makes
specialty nanotechnology coatings, filed for bankruptcy
protection along with three affiliates in a North Carolina
court.

In its Chapter 11 petition, the company listed assets of
$1.4 million and debt of more than $914 million.

Enable Growth Partners LP was named as the largest
unsecured creditor with a claim of about $346.2 million.

The company employs about 71 people.

The case is In re: nCoat Inc, U.S. Bankruptcy Court, Middle
District of North Carolina (Greensboro), No: 10-11512.
(Reporting by Santosh Nadgir in Bangalore; Editing by Vinu
Pilakkott)

UPDATE 1-Specialty coatings maker nCoat files for bankruptcy