IN RE SAPOLIN PAINTS, INC.

Bankruptcy Nos. 180-01691-21, 180-01807-21, Adv. No. 180-0682-21.

6 B.R. 582 (1980)

In re SAPOLIN PAINTS, INC., Debtor and Debtor-in-Possession. In re WOOLSEY MARINE INDUSTRIES, INC., Debtor and Debtor-in-Possession. UNITED CAPITAL CORP. and Metropolitan Greetings, Inc., Plaintiffs, v. SAPOLIN PAINTS, INC. and Woolsey Marine Industries, Inc., Defendants.

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

October 10, 1980.


Attorney(s) appearing for the Case

Kaye, Scholer, Fierman, Hays & Handler, New York City, for Chemical Bank, proposed intervenor.

Ballon, Stoll & Itzler, New York City, for United Capital Corp. and Metropolitan Greetings, Inc., plaintiffs.

Stroock, Stroock & Lavan, New York City, for defendants, debtors, and debtors-in-possession.


OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

Chemical Bank ("Chemical") has moved to intervene in this adversary proceeding brought by United Capital Corp. ("United") and Metropolitan Greetings, Inc. ("Metropolitan") against Sapolin Paints, Inc. ("Sapolin") and Woolsey Marine Industries, Inc. ("Woolsey"), debtors and debtors-in-possession herein. Chemical's motion is made under Rule 24 of the Federal Rules of Civil Procedure, made applicable by Bankruptcy...

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