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MATTER OF COASTAL INDUSTRIES, INC.

Bankruptcy No. 85-05436.

58 B.R. 48 (1986)

In the Matter of COASTAL INDUSTRIES, INC., f/k/a Coind, Inc., Debtor.

United States Bankruptcy Court, D. New Jersey.

February 6, 1986.

Attorney(s) appearing for the Case

Sills, Beck, Cummis, Zuckerman, Radin, Tischman & Epstein, P.A. by Richard D. Trenk, Newark, N.J., for Creditors Committee.

Lehman & Wasserman by Steven Z. Jurista, Millburn, N.J., for debtor.

Weil, Gotshal & Manges by Alan J. Lipkin, New York City, for Gotham Indus. Park.

DeVITO, Bankruptcy Judge.

The unsecured creditors committee moves to extend the time for the debtor to assume or reject a leasehold relating to property known as 190 Jony Drive, Carlstadt, New Jersey. For the reasons set forth below, the Court denies the motion and deems the lease at issue to be rejected subsequent to December 17, 1985.

The debtor filed its petition for reorganization under Chapter 11 of the Bankruptcy...

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