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IN RE SAPOLIN PAINTS, INC.

Bankruptcy Nos. 180-01691-21, 180-01807-21.

20 B.R. 497 (1982)

In re SAPOLIN PAINTS, INC., Debtor and Debtor-in-Possession. In re WOOLSEY MARINE INDUSTRIES, INC., Debtor and Debtor-in-Possession.

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

June 1, 1982.

Attorney(s) appearing for the Case

Stroock & Stroock & Lavan, New York City, for debtors; John F. Scheffel, New York City, of counsel.

Day, Berry & Howard, Hartford, Conn., for Connecticut Bank & Trust Co.; John B. Nolan, Hartford, Conn., of counsel.

Ballon, Stoll & Itzler, New York City, for Metropolitan Greetings, Inc.; Ronald S. Itzler, New York City, of counsel.

Angel & Frankel, P.C., New York City, for Creditors' Committee; Eric S. Brown, New York City, of counsel.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

The issue in this proceeding is whether or not Sapolin Paints, Inc. ("Sapolin" or "Debtor"), has assumed and assigned a certain lease with the Connecticut Development Authority. The lease covers premises located partly in Ridgefield and partly in Danbury, Connecticut, referred to as the "Danbury Facility."1 The Connecticut Bank and Trust Co...

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