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IN RE SAXON INDUSTRIES, INC.

Bankruptcy No. 82 B 10697 (EJR), Adv. No. 83-5244A.

33 B.R. 54 (1983)

In re SAXON INDUSTRIES, INC., Debtor. SAXON INDUSTRIES, INC., Plaintiff, v. Seymour SCHNELL, Defendant.

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

September 13, 1983.

Attorney(s) appearing for the Case

Cahill, Gordon & Reindel and Burns, Summit Rovins & Feldesman, New York City, for plaintiff.

Kaufman Malchman & Kirby, P.C., New York City, for defendant.

Shea & Gould, New York City, for Creditors' Committee.

DECISION ON MOTION TO TERMINATE STAY

EDWARD J. RYAN, Bankruptcy Judge.

On April 15, 1982, Saxon Industries, Inc. (Saxon), a Delaware Corporation, filed with this court a petition for reorganization pursuant to Chapter 11 of the Bankruptcy Code. Saxon is continuing in possession of its property as a debtor in possession and is currently operating its business as such. Saxon is a publicly held corporation.

Seymour...

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