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IN RE ONE TIMES SQUARE ASSOCIATES LTD. PARTNERSHIP

Nos. 93 Civ. 8476 (MGC), 93 Civ. 8477 (MGC).

165 B.R. 773 (1994)

In re ONE TIMES SQUARE ASSOCIATES LIMITED PARTNERSHIP, Debtor. ONE TIMES SQUARE ASSOCIATES LIMITED PARTNERSHIP, Appellant, v. BANQUE NATIONALE DE PARIS, Appellee.

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

March 31, 1994.

Attorney(s) appearing for the Case

Shaw, Licitra, Parente, Esernio & Schwartz, P.C. by J. Stanley Shaw, Craig A. Damast, Garden City, NY, for appellant.

LeBoeuf, Lamb, Creene & MacRae by John S. Kinzey, John P. Campo, Timothy W. Walsh, New York City, for appellee.

OPINION

CEDARBAUM, District Judge.

One Times Square ("OTS" or the "Debtor"), a limited partnership, appeals from an order entered by the bankruptcy court on November 1, 1993, granting the motion of the largest creditor, Banque Nationale de Paris ("BNP"), to lift the automatic stay. The Debtor also appeals from an order entered on November 17, 1993, in which the bankruptcy court granted reconsideration of, and adhered...

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