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IN RE UVAS FARMING CORP.

Bankruptcy No. 11-87-01667 R L.

91 B.R. 579 (1988)

In re UVAS FARMING CORPORATION.

United States Bankruptcy Court, D. New Mexico.

September 22, 1988.

Attorney(s) appearing for the Case

Ella J. Fenoglio, Albuquerque, N.M., for UVAS Farming Corp.

William Davis, Albuquerque, N.M., for Laviana Investments.

SUPPLEMENTAL MEMORANDUM OPINION

STEWART ROSE, Chief Judge.

THIS CHAPTER 11 plan confirmation before the Court presents a unique situation. By Court order, two competing plans were twice brought on for simultaneous confirmation. Plans were proposed by majority and minority shareholder groups of the debtor. On May 24, 1988, the second amended plan filed by the majority was denied confirmation and the minority's second amended plan was withdrawn. On August...

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