IIRC Kimball found that conversion had taken place, but that there was no constructive trust, so Novell does not take a prime position in the list of creditors. Novell's money has been witheld and misused, but he's offering no specific remedy.  If his court goes on to find that SCOX owes even a significant fraction of Novell's claim, that places SCOX in Chapter 7. They don't have that much cash and even selling assets probably wouldn't raise it. They have no prospect of paying through the proceeds of business.  Novell would sit in line in the pecking order of claimants but even if they were awarded the whole pot, it wouldn't satisfy their claim.

In the absence of a constructive trust, Novell's best hope of seeing any significant part of their money is to trace it to transactions with parties which must have known that large funds were being witheld from Novell. I suggest their best  hope of doing that is to see SCOX in Chapter 7 and let the trustee do his stuff. There's no point in seeing SCOX out of bankruptcy and then pursuing them because were Novell awarded anything like they are claiming, retrieving that from SCOX would plunge them into bankruptcy.