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IN RE PRINCETON INDUSTRIES, INC.

Bankruptcy No. 80 B 11850 (EJR), Adv. No. 83-5722A.

39 B.R. 143 (1984)

In re PRINCETON INDUSTRIES, INC., Debtor. Bruce D. SCHERLING, as Trustee in Bankruptcy of Princeton Industries, Inc., Plaintiff, v. ALBEMARLE SPINNING MILLS, et al., Defendants.

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

April 10, 1984.

Attorney(s) appearing for the Case

Jasper & Jasper, New York City, for plaintiff.

Ira A. Levy, Newark, N.J., for defendants.

DECISION AND ORDER ON MOTION FOR SUMMARY JUDGMENT

EDWARD J. RYAN, Bankruptcy Judge.

On November 5, 1980, Princeton Industries, Inc. (Princeton) filed a voluntary petition pursuant to Chapter 11 of the Bankruptcy Code. On July 14, 1981, this case was converted to a Chapter 7 proceeding pursuant to a motion brought by the Official Committee of Unsecured Creditors. By order of this court on July 14, 1981, Bruce D. Scherling was appointed the trustee of the...

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