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MATTER OF CANDELERO SAND & GRAVEL, INC.

Bankruptcy No. 85-01640(A), Civ. Nos. 86-0937 HL, 86-0779 HL.

66 B.R. 903 (1986)

In the Matter of CANDELERO SAND & GRAVEL, INC., Debtor. CANDELERO SAND & GRAVEL, INC., Plaintiff, v. PALMAS DEL MAR COMPANY, Defendant. PALMAS DEL MAR COMPANY, Plaintiff, v. CANDELERO SAND & GRAVEL, INC., Defendant.

United States District Court, D. Puerto Rico.

October 28, 1986.

Attorney(s) appearing for the Case

Elisa Bobonis, John M. García, Law Offices, Hato Rey, P.R., for Candelero Sand & Gravel, Inc.

María Soledad Piñero, Palou & Miranda, Pedro Purcell, Hato Rey, P.R., for Palmas del Mar.

OPINION AND ORDER

LAFFITTE, District Judge.

The two cases presently before this Court arise in the context of a Chapter 11 bankruptcy proceeding filed by the debtor herein, Candelero Sand & Gravel, Inc. ("Candelero"). Candelero operates a sand and gravel extraction business on real property leased from its creditor and lessor, Palmas del Mar Company ("Palmas"). Upon filing of the petition in bankruptcy by Candelero and its cessation of contractual royalty...

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