IN RE SANPO LAND INDUS. (HAWAII), INC.

Bankruptcy No. 82-00649.

50 B.R. 494 (1985)

In re SANPO LAND INDUSTRIAL (HAWAII), INC., Debtor.

United States Bankruptcy Court, D. Hawaii.

June 5, 1985.


Attorney(s) appearing for the Case

Wray H. Kondo and Michael Lorrusso, Alan Goda, Honolulu, Hawaii, for Mitsukoshi Hawaii.

Jerrold Guben, Honolulu, Hawaii, for Masami Kato.

Robert Miller, Honolulu, Hawaii, for debtor.

Harrison Chung, Honolulu, Hawaii, for Mut. Life Ins. Co. of New York ("MONY").

David Kwock, Honolulu, Hawaii, for state court appointed commissioner.


FINDINGS OF FACT AND CONCLUSIONS OF LAW RE: MOTION TO ASSUME OR REJECT MITSUKOSHI LEASES

JON J. CHINEN, Bankruptcy Judge.

On February 8, 1985, Mitsukoshi Hawaii, Inc. ("Mitsukoshi Hawaii") filed a Motion for an order compelling the Debtor and Debtor-in-Possession, Sanpo Land Industrial (Hawaii), Inc., a Hawaii corporation, aka Kalakaua International Center, Inc. ("KIC" also hereafter referred to as "Debtor") to assume or reject leases for the Ground floor...

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