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IN RE GROVE RICH REALTY CORP.

Bankruptcy No. 896-80964-478.

200 B.R. 502 (1996)

In re GROVE RICH REALTY CORP., Debtor.

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

September 25, 1996.

Attorney(s) appearing for the Case

Edwin I. Gorski, New York City, for debtor.

Brian R. DeLaurentis, New York City, for William A. Friedle, Creditor.

Weinberg, Kaley, Gross & Pergament, L.L.P. by Jeffrey M. Zalkin, Garden City, NY, for vendor.

DECISION DENYING DEBTOR'S MOTION TO ASSUME OR ASSIGN CONTRACT OF SALE

DOROTHY EISENBERG, Bankruptcy Judge.

This matter is before the Court pursuant to a motion under Section 365 of the Bankruptcy Code (the "Section 365 Motion") by Grove Rich Realty Corp. (the "Debtor") and William A. Friedle ("Friedle"), President and a stockholder of the Debtor (collectively the "Movants"), to assume and assign the Debtor's rights and delegate its duties under a Contract...

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