Martin Glenn, a joint venture of Three Arrow Capital, was ordered to answer the subpoena in January, otherwise he would face the risk of contempt of court

On March 24th, after Kyle Davies, the co founder of Sanjian Capital, a bankrupt hedge fund, has not responded to a court summons, U.S. bankruptcy judge Martin Glenn approved a motion for enforcement on March 22nd, stating that Davies can appear in court and challenge the arguments of the liquidator of Sanjian Capital, “or he can not appear in court as he has done so far. Frankly, he had better seize the opportunity.”

Interpretation of this information:

The message implies that Kyle Davies, the co-founder of Sanjian Capital, has failed to comply with a court summons related to his bankrupt hedge fund. As a result, the U.S. bankruptcy judge has approved a motion for enforcement, allowing Davies to either appear in court and challenge the arguments of the liquidator of Sanjian Capital or not appear at all.

The tone of the message suggests that the judge is frustrated with Davies’ lack of cooperation and is urging him to take advantage of the opportunity to provide a defense. The use of the phrase “he had better” implies that there may be consequences for Davies if he continues to avoid the summons.

Overall, the message highlights the importance of legal compliance and the consequences of failing to comply with court orders. It also underscores the fact that individuals and companies must be prepared to defend themselves in a legal context when necessary.