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IN RE NJB PRIME INVESTORS

Arrangement No. 78 B 1673 (RB).

3 B.R. 553 (1980)

In the Matter of NJB PRIME INVESTORS, Debtor. Applications for Compensation of Indenture Trustees.

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

April 14, 1980.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for debtor; William B. Rochelle III, New York City, of counsel.

Benjamin Zelermyer, Corporate Counsel, Katonah, N.Y., for debtor.

Cravath, Swaine & Moore, New York City, for Chemical Bank as indenture trustee; John Hockenberry, New York City, of counsel.

Chapman & Cutler, Chicago, Ill., for LaSalle Nat. Bank as indenture trustee; James E. Spiotto, Chicago, Ill., of counsel.

OPINION

ROY BABITT, Bankruptcy Judge:

This Chapter XI debtor1 had its plan confirmed by this court on March 12, 1979. Among its creditors dealt with in that plan are the holders of subordinated debentures.2 These 7% and 6¾% debentureholders became such pursuant to separate Trust Indentures. LaSalle National Bank and Chemical Bank are the Indenture Trustees.

When these Indenture Trustees...

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