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IN RE PINE TREE ELEC. CO., INC.

Bankruptcy No. 281-00339, Adv. No. 281-0292.

16 B.R. 105 (1981)

In re PINE TREE ELECTRIC CO., INC., Debtor. Hollis R. SAWYER Thomas Ainsworth, Esquire Trustee, Plaintiffs, v. E.A. GRALIA CONSTRUCTION CO. Northeast Bank of Lewiston, Defendants.

United States Bankruptcy Court, D. Maine.

December 16, 1981.

Attorney(s) appearing for the Case

Richard E. Poulos, Portland, Me., for Hollis R. Sawyer.

Thomas Ainsworth, Portland, Me., trustee.

Philip Ryan, Springfield, Mass., for E.A. Gralia.

John Bonneau, Marshall, Raymond & Beliveau, Lewiston, Me., for Northeast Bank.

MEMORANDUM OPINION

FREDERICK A. JOHNSON, Bankruptcy Judge.

A preliminary injunction is sought by the Debtor, Pine Tree Electric Co., Inc. and Hollis R. Sawyer to enjoin Northeast Bank of Lewiston and Auburn from honoring an "Irrevocable Letter of Credit" established between the Bank and E.A. Gralia Construction Co., Inc. and to enjoin Gralia from pursuing its demand on the Bank for payment. By an order of this Court entered December 1, 1981, Northeast Bank...

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