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IN RE AXL INDUSTRIES, INC.

Bankruptcy No. 90-2252-CIV.

127 B.R. 482 (1991)

In re AXL INDUSTRIES, INC., Debtor. REMEX ELECTRONICS LIMITED, Appellant, v. AXL INDUSTRIES, INC., Appellee.

United States District Court, S.D. Florida.

May 20, 1991.

Attorney(s) appearing for the Case

S. Alan Stanley, Douglas Stein, Miami, Fla., for Remex.

Marte Singerman, Miami, Fla., for Axl.

ORDER AFFIRMING BANKRUPTCY COURT'S ORDER

MORENO, District Judge.

Appellant Remex Electronics Limited petitioned the Bankruptcy Court to have appellee Axl Industries, Inc. declared bankrupt. Axl filed a motion to dismiss the involuntary petition, which was denied without prejudice. Axl subsequently renewed the motion and an evidentiary hearing was held on the renewed motion. On August 16, 1990, after hearing testimony of several witnesses and argument of...

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