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IN RE SAXON INDUSTRIES, INC.

Bankruptcy No. 82 B 10697 (ER).

39 B.R. 945 (1984)

In re SAXON INDUSTRIES, INC., Debtor.

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

June 13, 1984.

Attorney(s) appearing for the Case

Reavis & McGrath, New York City, for Official Debentureholders' Committee.

Burns, Summit, Rovins & Feldesman, New York City, for debtor.

White & Case, New York City, for Bankers Trust Co., Indenture Trustee.

Shearman & Sterling, New York City, for Citibank, N.A.

Shea & Gould, New York City, for creditors' committee.

Milbank, Tweed, Hadley & McCloy, New York City, for equity committee.

United States Trustee, Harry Jones, Asst. U.S. Trustee, New York City, of counsel.

Zalkin, Rodin & Goodman, New York City, for unofficial committee of bank creditors.

Bader & Bader, White Plains, N.Y., for debenture holders.

DECISION AND ORDER ON MOTION TO RECONSTITUTE DEBENTUREHOLDERS' COMMITTEE

EDWARD J. RYAN, Bankruptcy Judge.

On April 15, 1982, Saxon Industries, Inc. (Saxon) filed a voluntary petition for reorganization under Chapter 11 of the Bankruptcy Code. Saxon was continued in possession of its property and in the operation of its business pursuant to Sections 1107 and 1108 of the Bankruptcy Code.

On or about April 30, 1965, Standard Packaging Corporation ...

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