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IN RE SIDER VENTURES & SERVICES CORP.

Bankruptcy No. 82 B 10478(PBA), Adv. No. 82-6466-A.

31 B.R. 522 (1983)

In re SIDER VENTURES & SERVICES CORP., Debtor. Dorothy EISENBERG, Trustee of the Estate of Sider Ventures & Services, Inc., Plaintiff, v. TORONTO-DOMINION BANK, Defendant.

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

July 15, 1983.

Attorney(s) appearing for the Case

Shaw, Goldman, Licitra, Levine & Weinberg, P.C., Garden City, N.Y., for trustee; Karen Carter, Garden City, N.Y., of counsel.

Winthrop, Stimson, Putnam & Roberts, New York City, for Toronto Dominion Bank; Valerie A. Seiling, New York City, of counsel.

PRUDENCE B. ABRAM, Bankruptcy Judge:

This adversary proceeding was commenced on December 1, 1982 by Dorothy Eisenberg, as Trustee for Sider Ventures & Services Corp. ("Sider") against the Toronto-Dominion Bank ("Bank"), a secured creditor of Sider, challenging the Bank's right to retain the full proceeds from the sale of its collateral.

Sider and the Bank entered into an Inventory Security Agreement on August 28...

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