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MATTER OF SHULMAN TRANSPORT ENTERPRISES, INC.

Bankruptcy Nos. 78-B-1402, 78-B-1403.

21 B.R. 548 (1982)

In the Matter of SHULMAN TRANSPORT ENTERPRISES, INC. Bankrupt. In the Matter of SHULMAN AIR FREIGHT, INC., Bankrupt. PAN AMERICAN WORLD AIRWAYS, INC., on its own behalf and on behalf of all international common carriers by air similarly situated, Plaintiff, v. SHULMAN TRANSPORT ENTERPRISES, INC., Shulman Air Freight, Inc., and Continental Bank, Defendants.

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

June 30, 1982.

Attorney(s) appearing for the Case

Stroock & Stroock & Lavan, formerly known as Krause, Hirsch & Gross, New York City, for trustee of Shulman Air Freight, Inc.; Arthur N. Ohringer and John Scheffel, New York City, of counsel.

Jacob L. Oliner, New York City, for Pan American World Airways, Inc.

Blank, Rome, Comisky & McCauley, Philadelphia, Pa., for Continental Bank; Alan C. Gershenson and Morton Newman, Philadelphia, Pa., of counsel.

OPINION

ROY BABITT, Bankruptcy Judge:

On August 2, 1978 Shulman Transport Enterprises, Inc., and Shulman Air Freight, Inc., (collectively Shulman or debtors) came to this court for the protection afforded by Chapter XI of the now repealed 1898 Bankruptcy Act, §§ 301 et seq., 11 U.S.C. §§ 701 et seq. (1976 ed.).1 This Chapter XI sojourn proved to be short...

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