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PETITION OF SHAVIT

Bankruptcy No. 94-B-44586.

197 B.R. 763 (1996)

In re Petition of Ilan SHAVIT, as Interim Liquidator of Red Rock Commodities, Ltd., and Red Rock Holdings, Ltd., Debtors in a Foreign Proceeding.

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

July 10, 1996.

Attorney(s) appearing for the Case

Lichtenberg & Ginach, P.C. (Uri Sella, of counsel), New York City, Haim Zadok & Co. (Gideon Toledano, of counsel), Tel-Aviv 66 883, Israel, for Petitioner.

Duker & Barrett, L.L.P. (Laura A. Hastings, of counsel), New York City, for Respondents.

MEMORANDUM DECISION GRANTING PETITIONER'S MOTION FOR A VOLUNTARY DISMISSAL WITHOUT PREJUDICE

STUART M. BERNSTEIN, Bankruptcy Judge.

Ilan Shavit (the "Petitioner" or "Shavit") moves to dismiss this ancillary case, commenced under 11 U.S.C. § 304, without prejudice. Red Rock Commodities, Ltd. ("Commodities") and Red Rock Holdings, Ltd. ("Holdings", and jointly with Commodities, the "Debtors") do not oppose the dismissal,

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