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MATTER OF CENTURY CITY, INC.

Bankruptcy No. 79-03204.

8 B.R. 25 (1980)

In the Matter of CENTURY CITY, INC., Debtor. CONTINENTAL ILLINOIS NATIONAL BANK AND TRUST COMPANY OF CHICAGO, Great Pacific Century Corp., Century Associates, and One Century City Apartment Corp., Movants, v. CENTURY CITY, INC., Respondent.

United States Bankruptcy Court, D. New Jersey.

November 10, 1980.

Attorney(s) appearing for the Case

Zazzali, Zazzali & Whipple by Lawrence A. Whipple, Jr., Newark, N.J., and Weil, Gotshal & Manges by Michael L. Cook, New York City, for Continental Illinois National Bank and Trust Company of Chicago.

Crummy, Del Deo, Dolan & Purcell by Michael R. Griffinger, Newark, N.J., and Skadden, Arps, Slate, Meagher & Flom by Dana H. Freyer, New York City, for Great Pacific Century Corp. and Century Associates.

Shanley & Fisher by Walter J. Fleischer, Jr., Newark, N.J., for One Century City Apartment Corp.

Ravin, Katchen & Greenberg by Jack M. Zackin, Newark, N.J., and Robert P. Herzog, New York City, for Century City, Inc.

OPINION

D. JOSEPH DeVITO, Bankruptcy Judge.

The movants, Continental Illinois National Bank and Trust Company of Chicago, Great Pacific Century Corp., Century Associates and One Century City Apartment Corp. (defendants in the above captioned adversary proceeding), move pursuant to 11 U.S.C. § 1112[b] to dismiss the Chapter 11 petition and reorganization case commenced by Century City, Inc. on October 26, 1979, on the grounds that (a) the petition has...

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