IN RE STEVCOKNIT INC.

Bankruptcy No. 81 B 12241-12249, 83 Civ. 3503 (KTD).

35 B.R. 389 (1983)

In re STEVCOKNIT INC., et al., Debtor. NCNB FINANCIAL SERVICES, INC., As Assignee of The Stedman Corporation, Plaintiff-Appellant, v. STEVCOKNIT, INC., Stevcoknit Fabrics Co., Inc., Murbeck Knitted Fabrics, Inc., Moran Mills, Ltd., Park Yarn Mills, Co., Stevcoknit Textiles Co., Inc., Stevcoknit Woven Corp., Bridgeton Dyeing & Finishing Corp., Defendants-Respondents. The Stedman Corporation, Defendant.

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

November 17, 1983.


Attorney(s) appearing for the Case

Kreindler & Relkin, P.C., New York City, for plaintiff-appellant; Donald B. Relkin, Michael J. Gerstein, Victoria L. Goodman, New York City, of counsel.

Shea & Gould, New York City, for defendant-respondent Stevcoknit, Inc.; Eric P. Wainer, Jacalyn F. Barnett, New York City, of counsel.


MEMORANDUM & ORDER

KEVIN THOMAS DUFFY, District Judge:

NCNB Financial Services, Inc. ("NCNB") appeals from Bankruptcy Judge Lifland's order denying it summary judgment, and granting summary judgment to the debtors (hereinafter referred to as "Stevco"). NCNB claims that as assignee of its factored client Stedman Corp. ("Stedman") it has a valid lien upon certain goods of Stevco. It asserts that the bankruptcy...

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