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MATTER OF EAST-WEST ASSOCIATES

No. 89 Civ. 1671 (KC).

106 B.R. 767 (1989)

In the Matter of EAST-WEST ASSOCIATES, a Limited Partnership, Debtor. CARTERET SAVINGS BANK, F.A., Appellant, v. NASTASI-WHITE, INC., et al., Petitioning Creditors, Appellees.

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

November 6, 1989.

Attorney(s) appearing for the Case

Wachtell, Lipton, Rosen & Katz, Theodore Gewertz; Carb, Luria, Glassner, Cook & Kufeld, Stephen J. Fallis, Carol Duffy, New York City, for appellant.

Shaw, Licitra, Esernio & Schwartz, P.C., J. Stanley Shaw, Edward P. Frey, Jeffrey M. Zalkin; Albanese, Albanese & Fiore, Joseph A. Fiore, New York City, for appellees.

AMENDED OPINION AND ORDER

CONBOY, District Judge:

Appellant Carteret Savings Bank, F.A., ("Carteret") appeals from two orders issued by the United States Bankruptcy Court for the Southern District of New York. The first order, issued on January 25, 1989, granted Carteret relief from the automatic stay imposed pursuant to 11 U.S.C. § 362, conditioned upon the "Petitioning Creditors'" (appellees Nastasi-White, Inc., Circle Industries Division, Argus Construction...

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