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IN RE DOMESTIC FUEL CORP.

Bankruptcy Nos. 87 B 20003, 87 B 20004, Adv. P. Nos. 87 Adv. 6020, 87 Adv. 6002.

79 B.R. 184 (1987)

In re DOMESTIC FUEL CORP. and Henry F. Raab, Inc., Debtors. DOMESTIC FUEL CORP., Plaintiff, v. MARINE MIDLAND BANK, N.A. and Angelo Rainaldi, Defendants, Philip Rainaldi and A & P Rainaldi, Inc., Additional Defendants. DOMESTIC FUEL CORP., Plaintiff, v. Angelo RAINALDI, Defendant.

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

October 28, 1987.

Attorney(s) appearing for the Case

Aronwald & Pykett, White Plains, N.Y., for Angelo Rainaldi.

Gary J. Langer, New York City, for debtor.

DECISION ON MOTION TO RESCIND STOCK PURCHASE AGREEMENT AND CROSS MOTION TO RECLAIM STOCK

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The debtor, Domestic Fuel Corp., has commenced an adversary proceeding against the defendant, Angelo P. Rainaldi, to rescind a stock purchase agreement under which the debtor purchased from Rainaldi all of the stock of Henry F. Raab, Inc. and Henry F. Raab Connecticut, Inc., (collectively referred to as "Raab"), for $1,600,000. Rescission...

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