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IN RE ELEGANT MERCHANDISING, INC.

Bankruptcy No. 84 B 10903 (HCB), Adv. No. 84 6014A.

41 B.R. 398 (1984)

In re ELEGANT MERCHANDISING, INC., Debtor. ELEGANT MERCHANDISING, INC., Plaintiff, v. REPUBLIC NATIONAL BANK and Bank Leumi Trust Company of New York, Defendants.

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

August 30, 1984.

Attorney(s) appearing for the Case

Lester A. Lazarus, P.C., New York City, for debtor-plaintiff.

Kreindler & Relkin, P.C., New York City, for defendant Republic National Bank.

Hahn & Hessen, New York City, for Bank of Leumi Trust Company of New York.

EDWARD J. RYAN, Bankruptcy Judge.

On June 8, 1984, Elegant Merchandising, Inc. filed a voluntary petition under Chapter 11 of the Bankruptcy Code (Code). 11 U.S.C. 1101 et seq.

On July 24, 1984, by order to show cause and application, the debtor sought to enjoin Republic National Bank of New York (Republic) from demanding payment or performance from Bank Leumi Trust Company of New York (Bank Leumi) under Bank Leumi's Letter of Credit # 8795 and to enjoin...

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