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IN RE NAT. SUGAR REFINING CO.

Bankruptcy No. 81 B 11756(EJR).

15 B.R. 152 (1981)

In re The NATIONAL SUGAR REFINING COMPANY, Debtor.

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

October 30, 1981.

Attorney(s) appearing for the Case

Finley, Kumble, Wagner, Heine, Underberg & Casey, New York City, for debtor.

Burton M. Freeman, New York City, Vice President and Counsel Bankers Trust Co.

Zalkin, Rodin & Goodman, New York City, for Czarnikow.

Moses & Singer, New York City, for Bankers Trust Company.

EDWARD J. RYAN, Bankruptcy Judge.

On September 3, 1981, National Sugar Refining Company ("NSR") filed a petition for reorganization under Chapter 11 of the Bankruptcy Code. NSR is operating as debtor in possession.

On August 21, 1981, and August 26, 1981, respectively, C. Czarnikow, Inc. ("Czarnikow") and NSR entered into two contracts requiring Czarnikow to sell and deliver a total of 6,550 long tons of raw cane sugar (the "sugar") to NSR in September 1981...

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