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IN RE NATIONAL SUGAR REFINING CO.

Bankruptcy No. 81 B 11756, Adv. No. 82-5270-A.

22 B.R. 279 (1982)

In re The NATIONAL SUGAR REFINING COMPANY, Debtor. The NATIONAL SUGAR REFINING COMPANY and Bankers Trust Company, Plaintiffs, v. UNITED STATES BRANDS CORP., f/k/a U.S. Sugar Co., Inc., Defendant.

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

July 30, 1982.

Attorney(s) appearing for the Case

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

Finley, Kumble, Wagner, Heine, Underberg & Casey, New York City, for debtor, National Sugar Refining Co.

Phillips, Lytle, Hitchcock, Blaine & Huber, Buffalo, N.Y., for U.S. Brands Corp.

DECISION AND ORDER ON MOTION TO STAY PROCEEDINGS

EDWARD J. RYAN, Bankruptcy Judge.

On September 3, 1981, National Sugar Refining Company ("National") filed a petition under Chapter 11 of the Bankruptcy Code (the "Code") and was continued in possession of its property and in operation of its business pursuant to Section 1108 of the Code. Bankers Trust Company (the "Bank") was a creditor of National as of the filing date in the approximate amount of $23,000...

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