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MATTER OF AGROWNAUTICS, INC.

Bankruptcy No. 2-89-00161.

125 B.R. 350 (1991)

In the Matter of AGROWNAUTICS, INC., dba Lakeville Brand Specialty Produce, Debtor.

United States Bankruptcy Court, D. Connecticut.

March 15, 1991.

Attorney(s) appearing for the Case

Neal Ossen, Hartford, Conn., for trustee-applicant.

Kevin J. Curley, Hartford, Conn., for J.H. Whitney & Co., claimant.

MEMORANDUM RE: TRUSTEE'S APPLICATION TO DETERMINE PRIORITIES AND PAYMENT TO SECURED CREDITORS

ROBERT L. KRECHEVSKY, Chief Judge.

I.

Issue

The issue in this proceeding is whether to recognize asserted subrogation rights arising out of a letter of credit transaction. The appearing parties have submitted the matter upon a stipulation of facts and briefs.1

II.

Facts

Agrownautics...

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