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IN RE GENERAL OIL DISTRIBUTORS, INC.

Bankruptcy No. 882-80516-20.

18 B.R. 654 (1982)

In re GENERAL OIL DISTRIBUTORS, INC., et al., Debtors.

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

March 29, 1982.

Attorney(s) appearing for the Case

Levin & Weintraub, Weisman, Celler, Spett, Modlin & Wertheimer, New York City, for debtor; Barry Seidel, Steven L. Cohen, New York City, of counsel.

Kaye Scholer, Fierman, Hays & Handler, Attys. for Marine Midland Bank, New York City, Gerald Feller, New York City, of counsel.

New York City Law Dept. Office of the Corp. Counsel, New York City; Arnold Fox, New York City, of counsel.

Brener, Wallack & Hill, Princeton, N.J., for Royal Petroleum Corp.; Nathan M. Edelstein, Princeton, N.J., of counsel.

Paul, Weiss, Rifkind, Wharton & Garrison, New York City, for Northville Caribbean Corp.; Jay Himes, New York City, of counsel.

Gehrig, Ritter, Melville, N.Y., Cable, McDaniel, Bowie & Bond, Baltimore, Md., for Crown Central Petroleum Corp. by Morton A. Sacks, Baltimore, Md., Craig R. Olsen, Melville, N.Y., of counsel.

Gordon, Hurwitz, Butowski, Baker, Weitzen & Shalov, New York City, for Tipco Products Co., Mt. Airy Trading Co., The Augsbury Corp., Koch Fuels, Inc.; Kent T. Stauffer, New York City, of counsel.

ROBERT JOHN HALL, Bankruptcy Judge.

General Oil Distributors, Inc. ("General") moves this Court for authorization to assume its executory contract for the sale of oil to the City of New York ("the City"). Authorization is denied.

The instant case was commenced by the filing of an involuntary petition under Chapter 7 of the Bankruptcy Code, 11 U.S.C. § 701 et seq. (Supp. IV 1980) on 3 March 1982 which was followed two days later by General's conversion...

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