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MATTER OF VALAIRCO, INC.

Bankruptcy No. 80-04172 (80-0742).

9 B.R. 289 (1981)

In the Matter of VALAIRCO, INC., a Delaware corporation, Debtor. ATC SYSTEMS, INC., Plaintiff, and Jersey Insulation Corp., and The Trane Co., Intervenors, v. VALAIRCO, INC., a Delaware corporation, Defendant.

United States Bankruptcy Court, D. New Jersey.

February 24, 1981.

Attorney(s) appearing for the Case

Ravin, Katchen & Greenberg by William S. Katchen, Newark, N.J., for defendant-debtor Valairco.

Lindabury, McCormick & Estabrook by Edward J. Frisch, Westfield, N.J., for plaintiff ATC Systems, Inc.

Schiffman & Berger by Richard Berger, Carlstadt, N.J., for plaintiff Jersey Insulation Corp.

John J. McLaughlin & Associates by John J. McLaughlin, Millburn, N.J., for plaintiff The Trane Co.

OPINION

ON COMPLAINT OF ATC SYSTEMS, PLAINTIFF, JERSEY INSULATION CORP., and THE TRANE CO., INTERVENORS TO VACATE AUTOMATIC STAY, OR TO DETERMINE AUTOMATIC STAY INAPPLICABLE

AMEL STARK, Bankruptcy Judge.

On October 8, 1980, Valairco, Inc., a Delaware Corporation, authorized to do business in New Jersey ("Valairco") filed a Petition under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey. An Order...

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