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MATTER OF BABCO, INC.

Bankruptcy No. 2-90-01155, Motion No. 2-90-0444M.

133 B.R. 286 (1991)

In the Matter Of BABCO, INC., d/b/a Babco Oil Co., Debtor. CONNECTICUT NATIONAL BANK, Movant, v. BABCO, INC., d/b/a Babco Oil Co., Thomas C. Boscarino, Trustee, Respondents.

United States Bankruptcy Court, D. Connecticut.

November 4, 1991.

Attorney(s) appearing for the Case

Thomas A. Gugliotti, Paul M. Gaide, Mark D.G. Sanders, Schatz & Schatz, Ribicoff & Kotkin, Hartford, Conn., for movant.

Patrick W. Boatman, John H. Grasso, Boatman & Boscarino, Glastonbury, Conn., for trustee-respondent.

MEMORANDUM OF DECISION AND ORDER RE: MOTION FOR RELIEF FROM STAY FILED BY CONNECTICUT NATIONAL BANK

ROBERT L. KRECHEVSKY, Chief Judge.

I.

ISSUES

The major issues in this relief from stay proceeding are the binding effect of a court order approving a stipulation between a debtor and its financing bank entered during a superseded chapter 11 case, whether the bank held a prepetition security interest in certain of the debtor's property, and...

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