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IN RE WINGSPREAD CORP.

Bankruptcy Nos. 87B10619 (TLB) to 87B10630 (TLB), No. 91 Civ. 1926 (PNL).

145 B.R. 784 (1992)

In re WINGSPREAD CORPORATION, et al., Debtors. PANDORA INDUSTRIES, INC., Appellant, v. PARAMOUNT COMMUNICATIONS INC., f/k/a Gulf & Western Inc. and Harold Young, Trustee, Appellees.

United States District Court, S.D. New York.

September 29, 1992.

Attorney(s) appearing for the Case

Daniel A. Zimmerman, New York City, for appellant Pandora Industries, Inc.

Weil, Gotshal & Manges (Marcia L. Goldstein, Brian S. Rosen, Kevin W. Barrett, Roger F. Assad, of counsel), for appellee Paramount Communications Inc.

OPINION AND ORDER

LEVAL, District Judge.

Pandora Industries, Inc. appeals the Bankruptcy Court's decision requiring it to reimburse Paramount Communications Inc. for monies advanced by Paramount to a lessor to cure defaults in leases held by Pandora.

BACKGROUND

On September 15, 1983, Kayser Roth Corporation, a former wholly owned subsidiary of Paramount Communications Inc., entered into three real property leases with the lessor, One Dow...

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