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IN RE JEWELCOR INC.

Bankruptcy Nos. 1-91-00140 to 1-91-00154, Adv. No. 5-92-0029.

150 B.R. 580 (1992)

In re JEWELCOR INCORPORATED, Jewelcor Jewelers and Distributors, Inc., Gruen Marketing Corporation, Osaka Trading Company, Gruen Precision, Inc., Showroom Realty Co., Inc., Catalog Realty Co., Inc., S.H. Holdings, Inc., JC Acquisition Corp., Just Watches, Ltd., Robert J. Tabakow, Inc., Guildcraft Precision, Ltd., Panther Manufacturing, Ltd., LT, Inc., and JJ & D Realty Co., Inc., Debtors-in-Possession. GRUEN MARKETING CORPORATION as successor-in-interest to Gruen Marketing Corporation, debtor-in-possession, Gruen Precision, Inc., debtor-in-possession, and, Panther Manufacturing, Ltd., debtor-in-possession, Plaintiffs, v. ASIA COMMERCIAL COMPANY, LTD., Defendant.

United States Bankruptcy Court, M.D. Pennsylvania.

December 28, 1992.

Attorney(s) appearing for the Case

Robert Spielman, Wilkes-Barre, PA, for Gruen Marketing Corp./plaintiffs.

Marc W. Witzig, Harrisburg, PA, Breed, Abbott & Morgan, New York City, for Asia/defendant.

OPINION

JOHN J. THOMAS, Bankruptcy Judge.

Before the Court is a Motion of the Defendant, Asia Commercial Company, Ltd. (hereinafter "Asia") seeking an Order under Bankruptcy Rule 7012(b)(1) to dismiss the underlying adversary proceeding for lack of subject matter jurisdiction. This matter was initiated by a Complaint of Gruen Marketing Corporation as successor-in-interest to Gruen Marketing Corporation Debtor-in-possession, Gruen Precision, Inc. and Panther...

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