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IN RE MERCURY LAMPS, INC.

Bankruptcy No. 088-80508-21.

109 B.R. 585 (1989)

In re MERCURY LAMPS, INC., Debtor.

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

December 22, 1989.

Attorney(s) appearing for the Case

Shaw, Licitra, Eisenberg, Esernio & Schwartz, P.C. by Herbert J. Tamres and Sarah M. Keenan, Garden City, N.Y., for debtor.

Siegel, Sommers & Schwartz by James A. Beldner, New York City, for Creditors Committee.

Parker, Chapin, Flattau & Klimpl by Joel Lewittes and Joel M. Shafferman, New York City, for Hy Art Industries.

OPINION

CECELIA H. GOETZ, Bankruptcy Judge:

Before the Court is an application by Hy Art Industries, Inc. ("Hy Art") for an order directing the Official Committee of Unsecured Creditors (the "Creditors Committee") of the debtor, Mercury Lamps, Inc. ("Mercury" or "debtor") to return to Hy Art a check in the amount of $50,000, plus earned interest, surrendered as evidence of good faith in connection with an offer to buy the debtor's assets which proved unsuccessful...

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