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IN RE TWIN TOWERS ASSOCIATES

Bankruptcy Nos. 77B2961, 77B2962.

1 B.R. 405 (1979)

In re TWIN TOWERS ASSOCIATES, Debtor. In re PRESIDENTIAL TOWERS LAND ASSOCIATES, Debtor.

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

December 4, 1979.

Attorney(s) appearing for the Case

Zalkin, Rodin & Goodman, New York City for Jamaica Savings Bank.

Gelberg & Kronovet, New York City for Twin Towers.

Krause, Hirsch & Gross, New York City for Presidential Towers.

FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

EDWARD J. RYAN, Bankruptcy Judge.

Jamaica Savings Bank ("Jamaica"), by notice of motion dated July 27, 1979, and a supporting application with exhibits attached thereto dated that same day, moved to dismiss these Chapter XII proceedings upon the grounds, among others, that (i) it, as the sole secured creditor having a first mortgage lien in the amount of $9,986,213.64, had rejected the debtors' joint plan of...

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