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IN RE PCH ASSOCIATES

Bankruptcy No. 84-B-11540.

122 B.R. 181 (1990)

In re PCH ASSOCIATES, Debtor.

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

December 18, 1990.

Attorney(s) appearing for the Case

Jones, Day, Reavis & Pogue by Marc S. Kirschner, Cindy E. Tzerman, New York City, for debtor.

Saul, Ewing, Remick & Saul by Robert S. Blau, Philadelphia, Pa., and by J. Dennis Faucher, New York City, for Simon-Tye Associates and 135 Ventures, Inc.

Bodian & Eames by David T. Eames, New York City, for Liona Corp., Inc.

DECISION ON MOTION TO OBTAIN ESCROWED FUNDS PROCEEDS, COMPENSATION FOR ATTORNEYS' FEES AND REIMBURSEMENT OF COSTS

CORNELIUS BLACKSHEAR, Bankruptcy Judge.

This case involves a dispute with Simon-Tye Associates and 135 Ventures, Inc., (the "Third Mortgagee") over a portion of the proceeds of the sale of the Philadelphia Centre Hotel (the "Hotel"), plus interest. At the closing of the sale of the Hotel, the Third Mortgagee was paid the full principal of its debt...

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