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IN RE WESTERLEIGH DEVELOPMENT CORP.

Bankruptcy No. 92 B 20807.

141 B.R. 38 (1992)

In re WESTERLEIGH DEVELOPMENT CORP., Alleged Debtor.

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

June 4, 1992.

Attorney(s) appearing for the Case

Pirro & Monsell, P.C., White Plains, N.Y., for Anthony Di Paolo.

Barr & Rosenbaum, Spring Valley, N.Y., for Pirro & Monsell.

Marc Stuart Goldberg & Associates, P.C., New York City (Neil Berger, Marc Stuart Goldberg, of Counsel), for E.V. Iorio Const. Corp.

DECISION ON MOTION FOR ORDER DISMISSING INVOLUNTARY PETITION

HOWARD SCHWARTZBERG, Bankruptcy Judge.

The debtor's failure to develop the last of five vacant lots which it owned due to a dispute between its only two shareholders resulted in an involuntary Chapter 11 petition filed against the debtor. One shareholder moved to dismiss the involuntary petition and the other shareholder's corporation objected, among other things, to the movant's standing to oppose...

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