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IN RE ICS CYBERNETICS, INC.

Bankruptcy No. 88-00478, Adv. No. 88-0114.

123 B.R. 467 (1989)

In re ICS CYBERNETICS, INC., Debtor. NATIONAL WESTMINSTER BANCORP N.J., Successor-in-Interest to First Jersey National Corporation, Plaintiff, v. ICS CYBERNETICS, INC, the Official Committee of Unsecured Creditors of ICS Cybernetics, Inc., Rochester Community Savings Bank, Lefac International S.A., and Integrated Computer Systems Aktieboleg, Defendants.

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

October 6, 1989.

Attorney(s) appearing for the Case

Menter, Rudin & Trivelpiece, P.C., Syracuse, N.Y. (Jeffrey A. Dove, of counsel), Winston & Strawn, Cole & Deitz, New York City (Angela G. Tese, of counsel), for Nat. Westminster Bancorp., N.J.

Grass, Balanoff, Costa & Whitelaw, P.C., Syracuse, N.Y. (Mary Lannon Fangio, of counsel), for debtor.

Hodgson, Russ, Andrews, Woods & Goodyear, Buffalo, N.Y. (Garry Graber, of counsel), for Official Committee of Unsecured Creditors.

Harris, Beach & Wilcox, Rochester, N.Y. (Jeffrey W. Baker, of counsel), for Rochester Community Sav. Bank.

Hill, Betts & Nash, New York City (Peter J. McHugh, of counsel), for Lefac Intern. S.A.

MEMORANDUM-DECISION, FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER

STEPHEN D. GERLING, Bankruptcy Judge.

These matters come before the Court in three motions within and concerning the adversary proceeding commenced by National Westminster Bancorp N.J. ("Natwest"), as successor-in-interest to First Jersey National Corporation ("First Jersey"), in the bankruptcy case of ICS Cybernetics, Inc. ("Debtor").

By way of the first motion ("escrow motion"...

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