IN RE BLACK & GEDDES, INC.

Bankruptcy No. 81-B-10399, Adv. No. 81-5629-A.

16 B.R. 148 (1981)

In re BLACK & GEDDES, INC., Debtor. DAMPSKIBSSELSKABET AF 1912 Aktieselskab and Aktielselskabet Dampskibsselskabet Svendborg, d/b/a Maersk Line and Moller Steamship Company, Inc. and Maersk Container Service Company, Inc., Plaintiffs v. BLACK & GEDDES, INC. and Chester B. Salomon, Trustee, Defendants.

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

December 30, 1981.


Attorney(s) appearing for the Case

Haight, Gardner, Poor & Havens, New York City, for plaintiffs; James J. Sentner, Jr. and Karen N. Wattiker, New York City, of counsel.

Chester B. Salomon, P.C., New York City, for defendant-trustee.


OPINION

ROY BABITT, Bankruptcy Judge:

After the Chapter 11 case of the debtor, Black & Geddes, Inc., failed and its liquidation was undertaken by its bankruptcy trustee in keeping with the duty placed on trustees by Section 704 of the 1978 Bankruptcy Code, 11 U.S.C. (1976 ed. Supp. IV) § 704(1),1 the plaintiffs filed a complaint thereby commencing an adversary proceeding within the meaning of Rule 701 of the 1973 Bankruptcy...

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