A frustrated Manhattan Bankruptcy Court judge on Thursday delayed ruling on “opaque” revisions to take Relativity Media out of Chapter 11.

The revised terms were hashed out by Relativity and creditors at meetings that ran from Wednesday into early Thursday.

“It would be hard for me, with a document filed at [1:30 a.m.], to approve it at 11 a.m.,” Judge Michael Wiles said of 68 pages of revisions.

In addition, New York hedge fund Elliott Management will provide a $35 million debtor-in-possession loan.

Also, Relativity has a new investor in Joe Nicholas — a hedge-fund researcher — who contributed $29 million to help take Relativity’s non-TV assets out of bankruptcy.

Kavanaugh himself kicked in $1 million to bring the cash component of new studio financing to $30 million.

That will make up for the $30 million that investment firm VII Peaks had committed to providing but then balked at delivering.