WASHINGTON (CNN) - The Supreme Court has delayed the imminent sale of
most of Chrysler's assets to a group led by Italian automaker Fiat.
The justices issued a brief order Monday, just before a temporary stay issued by a lower court was to expire.
Three Indiana state funds - representing police officers and teachers - filed an emergency appeal late Saturday asking the high court to intervene. Those lenders seek greater compensation for their share of Chrysler's nearly $7 billion in secured debt.
The financially troubled domestic automaker is expected to emerge soon from bankruptcy, and the company is pinning its future on the restructuring plan pushed by the White House.