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IN RE WEDTECH CORP.

Nos. 94 Civ. 3803 (MGC), 94 Civ. 3804 (MGC).

187 B.R. 105 (1995)

In re WEDTECH CORP. f/k/a Welbilt Electronics Die Corp., Debtor. CEPA CONSULTING, LTD., as Liquidating Trustee for the Liquidating Trust of Wedtech Corp., Plaintiff-Appellant, v. NEW YORK NATIONAL BANK, Defendant-Appellee.

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

September 14, 1995.

Attorney(s) appearing for the Case

Angel & Frankel by Laurence May, Robert A. Abrams, New York City, for Plaintiff-Appellant.

Hahn & Hessen by Gabriel B. Schwartz, David M. Posner, Irwin Underweiser, New York City, for Defendant-Appellee.

MEMORANDUM OPINION AND ORDER

CEDARBAUM, District Judge.

This is an appeal from an award of summary judgment to New York National Bank (the "Bank") in an adversary proceeding in the bankruptcy court. CEPA Consulting, Ltd. ("CEPA") appeals from the bankruptcy court's determination on two grounds. First, appellant contends that a payment made in satisfaction of bank loans several days before the filing of the debtor's Chapter 11 petition was an avoidable...

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