UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
|
March 18, 2010
|
|
Date
of Report (Date of earliest event
reported):
|
|
NEW FRONTIER ENERGY, INC
|
|
(Exact
name of registrant as specified in
charter)
|
|
Colorado
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0-50472
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84-1530098
|
|
(State
or other jurisdiction
of
incorporation)
|
(Commission
File Number)
|
(IRS
Employer Identification No.)
|
|
1801
Broadway, Suite 920
Denver, CO 80202
|
|
(Address
of principal executive offices)
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(303)
730-9994
Registrant's
telephone number, including area code
Not
Applicable.
(Former
name or former address, if changed since last report.)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
Item
8.01 - Other Events
On March
5, 2010, a petition for involuntary Chapter 7 bankruptcy entitled In re New
Frontier Energy, Inc. (Case No. 10-14517HRT) (the “Petition”) was filed against
New Frontier Energy, Inc. (the “Company”) in the United States Bankruptcy Court,
District of Colorado by five Petitioning Creditors (the “Petitioners”).
The Petitioners alleged that they have debts that are not the subject of a
bona fide dispute as to liability or amount and that the Company is generally
not paying its debts as they come due. The Petitioners were seeking liquidation
of the Company’s assets and the appointment of a receiver. The Company
believes that the Petitioners claims are without merit. After discussion
with the Petitioners, on March 18, 2010, the Company and the Petitioners filed a
joint motion to dismiss the Petition, and the motion is pending with the
bankruptcy court. The Company believes that the joint motion to
dismiss is an affirmation of the Company’s position that the Petition was wholly
without merit. In connection with the joint motion to dismiss, the
Company agreed not to seek or obtain judgment, sanctions or other relief against
the Petitioners for filing the Petition and any claims against any person or
entity that caused the dissemination of the filing to a certain oil and gas
publication. In the event the bankruptcy court does not approve the
dismissal of the involuntary bankruptcy petition, the Company intends to
aggressively contest the involuntary bankruptcy petition.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
| NEW FRONTIER ENERGY, INC. | |||
|
Date:
March 19, 2010
|
By:
|
/s/ Samyak Veera | |
| Samyak Veera, Chairman of the Board | |||