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MATTER OF SEATRAIN LINES, INC.

Bankruptcy No. 81 B 10311 (EJR).

13 B.R. 980 (1981)

In the Matter of SEATRAIN LINES, INC., Debtor.

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

September 14, 1981.

Attorney(s) appearing for the Case

Stroock & Stroock & Lavan, New York City, for debtor.

Fried, Frank, Harris, Shriver & Jacobson, New York City, for Official Creditors' Committee.

EDWARD J. RYAN, Bankruptcy Judge.

On February 11, 1981, a petition under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 1101, et seq., was filed against Seatrain Lines, Inc. ("Seatrain"). Seatrain consented to the entry of an order for relief and such an order was granted on February 18, 1981. Seatrain continues to operate its business as debtor in possession.

On May 13, 1981, Seatrain applied to this court for an order authorizing the retention of two...

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