MATTER OF BENRUS WATCH CO., INC.

Bankruptcy No. 81-B-10891.

13 B.R. 331 (1981)

In the Matter of BENRUS WATCH COMPANY, INC., Debtor.

United States Bankruptcy Court, S.D. New York.

August 19, 1981.


Attorney(s) appearing for the Case

Russo, Weintraub, Lombardi & Frucco, White Plains, N.Y., for debtor; Charles Weintraub, White Plains, N.Y., of counsel.

Whitman & Ransom, New York City, for Wells-Benrus Corp.; William B. Kahn and Howard Berman, New York City, of counsel.

Finkel, Goldstein & Berzow, for the Official Creditors Committee; Harvey R. Goldstein and Neil Rosenbloom, New York City, of counsel.


OPINION

ROY BABITT, Bankruptcy Judge:

This dispute centers on an agreement which pre-dated by nearly four years the successful reorganization of Benrus Watch Company, Inc. (Benrus Watch or debtor) in the scheme of Chapter 11 of the 1978 Bankruptcy Code, 11 U.S.C. (1976 ed. Supp. III) §§ 1101 et seq. Benrus manufactured and marketed watches under the trade names "Benrus" and "Sovereign", a right it had pursuant to a license agreement with...

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