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IN RE BABYLON LTD. PARTNERSHIP

No. 87 B 10614.

76 B.R. 270 (1987)

In re BABYLON LIMITED PARTNERSHIP, Debtor.

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

July 10, 1987.

Attorney(s) appearing for the Case

Harris D. Leinwand, New York City, for debtor-in-possession Babylon Ltd. Partnership.

Finkelstein, Borah, Schwartz, Altschuler, & Goldstein, P.C. by Lewis A. Lindenberg, New York City, for Landlord, Beacon Broadway Co.

Parker, Chapin, Hattau & Klimpl, New York City, for the Creditors Committee; Robert Burrick, of counsel.

DECISION AND ORDER

HOWARD C. BUSCHMAN III, Bankruptcy Judge.

The debtor in this proceeding, Babylon Limited Partnership ("Babylon" or the "Debtor"), seeks an extension of the 60-day time period, provided for in § 365(d)(4) (1987) (the "Code") in which it must assume or reject a lease between the Debtor (lessee) and Beacon Broadway Company (lessor), of non-residential real property (i.e., the Beacon Theatre), located at 2124 Broadway, New York, New York...

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