MATTER OF TRIANGLE LABORATORIES, INC.

No. 81-1218.

663 F.2d 463 (1981)

In the Matter of TRIANGLE LABORATORIES, INC., Debtor. Michael S. KOPELMAN (Esq.), Interim Trustee of Triangle Laboratories, Inc., Appellee, v. Arthur M. HALVAJIAN, Appellant.

United States Court of Appeals, Third Circuit.

Decided October 30, 1981.


Attorney(s) appearing for the Case

Frank J. Vecchione (argued), Karen A. Giannelli, Crummy, Del Deo, Dolan & Purcell, Newark, N. J., for appellant.

Paul S. Hollander (argued), Richard G. N. Weston, Okin, Pressler & Shapiro, Fort Lee, N. J., for appellee.

Before SEITZ, Chief Judge, and ADAMS and GARTH, Circuit Judges.


OPINION OF THE COURT

GARTH, Circuit Judge.

At issue in this appeal is the effect of a clause in a lease which provided that the lease would terminate in the event an insolvency proceeding was filed against the tenant. Complicating the issue in this case is the fact that up to October 1, 1979, the provisions of the Bankruptcy Act of 1898, as amended, governed. After that date the provisions of the Bankruptcy Code, 11 U.S.C. §§ 101 et seq.

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