Sabre Defence on auction block Nashville Business Journal - by By Annie Johnson, Staff Writer Date: Friday, March 4, 2011, 12:50pm CST - Last Modified: Friday, March 4, 2011, 2:53pm CST Sabre Defence Industries is once again on the auction block, according to documents filed in U.S. Bankruptcy Court Middle District of Tennessee. A judge in the case has set a March 10 date for the sale of the beleaguered Nashville gun manufacturer, whose top executives were named in a 21-count indictment in early February. At an earlier proposed sale of Sabre, which was organized by Mississippi-based Cadance Bank, Alabama-based USA Manroy was the highest bidder at $2.3 million, followed by US Ordnance and Colt Defense. That sale was postponed when Sabre Defence filed in February for Chapter 11 bankruptcy protection. Now, Manroy has upped its bid to $2.4 million although it's unclear in court documents just how much Colt is willing to pay. The sale is a result of an indictment that accused Sabre executives of violating the Arms Export Control Act. Company leaders are accused of falsifying shipping labels and using false bottoms in crates to hide firearms parts. Interested bidders can check out www.sabresale.com.