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IN RE HALMAR DISTRIBUTORS, INC.

Bankruptcy Nos. 89-40976, 89-40975, Adv. No. 89-4075.

116 B.R. 328 (1990)

In re HALMAR DISTRIBUTORS, INC. and Ralar Distributors, Inc., Debtors. GENERAL ELECTRIC COMPANY, LIGHTING BUSINESS GROUP, Plaintiff, v. HALMAR DISTRIBUTORS, INC., Ralar Distributors, Inc. and Baybank Middlesex, Defendants.

United States Bankruptcy Court, D. Massachusetts.

July 10, 1990.

Attorney(s) appearing for the Case

George Parker, Parker & Cohen, Boston, Mass., for General Elec. Co., Lighting Business Group, plaintiff.

Paul Salvage, Bacon, Wilson, Ratner, Cohen, Salvage, Fialky & Fitzgerald, Springfield, Mass., for Halmar Distributors, Inc., Ralar Distributors, Inc., defendants.

Charles R. Bennett, Riemer & Braunstein, Boston, Mass., for Baybank Middlesex, plaintiff-in-counterclaim.

OPINION

JAMES F. QUEENAN, Jr., Bankruptcy Judge.

This is a classic struggle over security between a lender and supplier. General Electric Company, Lighting Business Group ("G.E."), a supplier of the Chapter 11 Debtors, Halmar Distributors, Inc. ("Halmar") and Ralar Distributors, Inc. ("Ralar"), has brought an adversary proceeding against the Debtors to establish the validity and priority of its interests in the...

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