IN RE WINTEX, INC.

Civ. A. Nos. 91-11583-K, 85-00824-CJK.

158 B.R. 540 (1992)

In re WINTEX, INC., also d/b/a Jaytex Exporters and Jaytex Fabrics, Debtor.

United States District Court, D. Massachusetts.

May 7, 1992.


Attorney(s) appearing for the Case

Richard L. Levine, Ben T. Clements, Hill & Barlow, Boston, MA, for appellant.

Patrick P. Dinardo, Sullivan & Worcester, Boston, MA, for appellee.


OPINION

KEETON, District Judge.

In this appeal from a decision of the Bankruptcy Court, Kenner, J., appellant Turan Corporation contends that the bankruptcy court erred as a matter of law in rejecting a negotiated sale to appellant of five twenty-year U.S. Dollar promissory notes of the Central Bank of Nigeria belonging to the debtor. At a hearing held May 2, 1991, the bankruptcy court conducted a sealed bid auction. Turan won that auction, making the high...

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