May 4 (Bloomberg) -- A group of Chrysler’s secured lenders is seeking to block the company’s plan to auction its business, with an alliance with Fiat SpA as the lead bid. The group, calling itself Chrysler’s non-TARP lenders, referring to the Troubled Assets Relief Program, also objected to the company’s request for approval of a $4.5 billion bankruptcy loan from the U.S. Treasury.

The case is In re. Chrysler LLC, 09-50002, U.S. Bankruptcy Court, Southern District of New York (Manhattan)

To contact the reporter on this story: Christopher Scinta in New York at cscinta@bloomberg.net

Last Updated: May 4, 2009 09:14 EDT