IN RE TENNESSEE VALLEY STEEL CORP.

Bankruptcy No. 94-32813. Adv. No. 95-3033.

183 B.R. 795 (1995)

In re TENNESSEE VALLEY STEEL CORPORATION, Debtor. TENNESSEE VALLEY STEEL CORPORATION, by its Unsecured Creditors Committee, Plaintiff, v. B.T. COMMERCIAL CORPORATION, NationsBank of North Carolina, N.A., and The Morgan Stanley Leveraged Equity Fund II, Defendants.

United States Bankruptcy Court, E.D. Tennessee.

June 27, 1995.


Attorney(s) appearing for the Case

Frantz, McConnell & Seymour, Robert M. Bailey, Knoxville, TN, for plaintiff Tenn. Valley Steel Corp., by its Unsecured Creditors Committee.

Baker, Donelson, Bearman & Caldwell, Richard B. Gossett, Mark D. Hackett, Chattanooga, TN, Nelwyn I. Rhodes, Knoxville, TN, for defendants B.T. Commercial Corp. and NationsBank of N.C., N.A.

Hodges, Doughty & Carson, Thomas H. Dickenson, Knoxville, TN, for defendant Morgan Stanley Leveraged Equity Fund II.


MEMORANDUM ON DEFENDANTS B.T. COMMERCIAL CORPORATION AND NATIONSBANK OF NORTH CAROLINA, N.A. MOTION TO DISMISS OR FOR SUMMARY JUDGMENT

RICHARD S. STAIR, Jr., Chief Judge.

The Committee of Unsecured Creditors of Tennessee Valley Steel Corporation (Committee) commenced this adversary proceeding on March 10, 1995, with the filing of its Complaint, entitled "Complaint for Equitable Subordination or Reclassification of Claims and Other Relief...

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