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MATTER OF REGO CRESCENT CORP.

Bankruptcy No. 179-03854, Adv. No. 182-0144.

29 B.R. 953 (1983)

In the Matter of REGO CRESCENT CORP., Debtor. REGO CRESCENT CORP., Plaintiff, v. FLAGSHIP AIR SERVICE TRANSFER, INC., Defendant.

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

May 20, 1983.

Attorney(s) appearing for the Case

Abraham, Silver & Rosenberg, New York City, for plaintiff; I. Louis Winokur, Jamaica, N.Y., and Jacob W. Abraham, New York City, of counsel.

William J. Kelly, New York City, for defendant.

MANUEL J. PRICE, Bankruptcy Judge.

This is an adversary proceeding in which the plaintiff, Rego Crescent Corp. ("Rego Crescent," or "the Debtor"), seeks specific performance of a contract for the sale of land entered into with the defendant, Flagship Air Service Transfer, Inc., ("Flagship") on October 6, 1980. The defendant has interposed an answer and counterclaim in which it contends that it refused to accept the title to the property which was tendered to it because...

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