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MATTER OF TELTRONICS SERVICES, INC.

Bankruptcy No. 79-B-2725 (CHG), Adv. No. 79-B-2725 (CAP).

29 B.R. 139 (1983)

In the Matter of TELTRONICS SERVICES, INC. Bankrupt. ANACONDA-ERICSSON, INC., successor by merger of LM Ericsson Telecommunications, Inc., Plaintiff, v. Jules J. HESSEN, as Trustee in Bankruptcy of Teltronics Services, Inc., Defendant.

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

April 5, 1983.

Attorney(s) appearing for the Case

Sullivan & Cromwell, New York City, Richard G. Lyon, Greenwich, Conn., for plaintiff Anaconda-Ericsson, Inc.

Hahn & Hessen, New York City, for trustee.

DECISION

C. ALBERT PARENTE, Bankruptcy Judge.

Plaintiff Anaconda-Ericsson, Inc. commenced an adversary proceeding against the bankrupt, Teltronics Services, Inc., seeking inter alia a declaration of its rights in certain assets of the bankrupt, and relief from the stay of enforcement of those rights. The trustee interposed various affirmative defenses and a counterclaim for equitable subordination.

In essence, the trustee contends that the...

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