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IN RE TEXACO INC.

Bankruptcy Nos. 87 B 20142-87 B 20144.

84 B.R. 911 (1988)

In re TEXACO INC., Texaco Capital Inc., Texaco Capital N.V., Debtors.

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

April 5, 1988.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City, for debtors.

Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for The Chase Manhattan Bank.

Kronish, Lieb, Weiner & Hellman, New York City, for New York Life Ins. Co.

Kramer, Levin, Nessen, Kamin & Frankel, New York City, for General Committee.

Keck, Mahin & Cate, Chicago, Ill., for Equity Committee.

William J. Guste, Jr., Atty. Gen., Mary Ellen Leeper, Asst. Atty. Gen., Taylor, Porter, Brooks & Phillips, Special Counsel, Baton Rouge, La., for State of La.

Deramee & Deramee, Thibodaux, La., for La Fourche Parish School Bd., David Landry, of counsel.

DECISION ON MOTION BY CHASE MANHATTAN BANK FOR RELIEF FROM AUTOMATIC STAY

GOETTEL, District Judge.

Texaco Inc. and two of its subsidiaries have been involved in one of the most celebrated Chapter XI (debtor in possession) bankruptcy proceedings of modern times. Recently a plan has been approved by the Bankruptcy Court to bring them out of the proceedings. Last fall, Texaco made two motions for orders pursuant to the Bankruptcy Code, 11 U.S.C. § 365...

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