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IN RE ELSA DESIGNS, LTD.

Bankruptcy No. 92 B 41833 (TLB).

155 B.R. 859 (1993)

In re ELSA DESIGNS, LTD., Alleged Debtor.

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

As Corrected June 25, 1993.

Attorney(s) appearing for the Case

Citak & Citak by Donald L. Citak, New York City, for the alleged debtor.

Winston & Strawn by Cory E. Friedman and David B. Shemano, New York City, for MTB Banking Corp.

DECISION ON MOTION TO DISMISS INVOLUNTARY PETITION

TINA L. BROZMAN, Bankruptcy Judge.

Elsa Designs, Inc. (Elsa), seeks dismissal of the involuntary petition filed against it under Chapter 7 of the Bankruptcy Code on the grounds that this court lacks jurisdiction because the petitioning creditors' claims are the subject of a bona fide dispute.1 The petitioning creditors cross-move...

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