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MELLON BANK, N.A. v. MESTA MACH. CO.

Civ. A. No. 83-881.

31 B.R. 141 (1983)

MELLON BANK, N.A. individually and as Agent, the Union National Bank of Pittsburgh and Pittsburgh National Bank, Plaintiffs, v. MESTA MACHINE COMPANY, Debtor/Defendant.

United States District Court, W.D. Pennsylvania.

June 15, 1983.

Attorney(s) appearing for the Case

George M. Cheever, Kirpatrick, Lockhart, Johnson & Hutchison, Pittsburgh, Pa., for plaintiffs.

Paul M. Singer and William J. Egan, Reed, Smith, Shaw & McClay, Pittsburgh, Pa., for debtor/defendant.

OPINION

WEBER, District Judge.

On February 22, 1983, after considering the evidentiary material submitted and hearing argument of counsel, the Bankruptcy Court determined that a $1,000,000 payment from the Mannesmann Demag Sack GmbH (hereinafter "Sack") to the debtor was not subject to the security interest of the appellant banks. The Banks on this appeal seek an order overturning the decision of the Bankruptcy Court...

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