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IN RE TELLURIDE INCOME GROWTH, L.P.

BAP No. CO-06-006, Bankruptcy No. 03-31600-ABC, Adversary No. 04-1830-ABC.

364 B.R. 390 (2007)

In re TELLURIDE INCOME GROWTH LP, Debtor. Telluride Asset Resolution, LLC, Plaintiff-Appellant, Moving Limited Partners, Plaintiffs-Appellees, and Dennis Bullock, Lambie Bullock, Louis Duval, Muriel Jean Duval, Steve Hinkle, Mary L. Hinkle, Jerry D. James, Michael Milburn, Kenneth R. Miller, Eugene C. Moravec, Alda Moravec, Michael E. Monoscalco, Madelyn J. Monoscalco, Jill Marie Monoscalco, Laura C. Monoscalco, Joseph R. Nardone, Ralph Edward Preston, Ken E. Rhode, Kevin D. Sorbo, Oliver James Sterling, II, Oliver James Sterling, III, Vanessa Ruth Sterling, Brendan D. Thompson Ira, Sandra R. Tingle, William Tuczynski, R.M. Yost Ira, R. Michael Yost, Roselva M. Yost, Plaintiffs, v. Telluride Global Development, LLC, Defendant-Appellant, and Telluride Income/Growth Limited Partnership, Peak Returns L.L.C., Western Slope L.L.C., Lorraine Development L.L.C., Mountain Village Construction Company, Inc., William Baird, Bruce Bjork, Hamish Cruden, Ed Tompkins, Scott T. Sogard, The Pueblo Bank And Trust Company, Weststar Bank, Ballard House South Homeowner's Assoc. Inc., The Bauhinia Limited, Public Trustee of San Miguel County, Cruman Investments, Bianca Overseas Investments, Inc., Glenn Trotman, Nancy Louise Powell, Nigel Louis Ian Kat, Yoriko Soma, Peter E. Eadon-Clarke, Laidley Holdings Limited, Liza Jane Mary Cruden, Thomas Alexej Hall, Christopher John Parker, E-Global Trading, Bank of New York, Indymac Mortgage Holdings, Inc., Banque Nationale De Paris, Community First National Bank, E-Global. Development Limited, Ann P. Fleckles, Anna Medrin, Mike Galvin, Anita Galvin, The Estate of Howard R. Hornback, James Trichak, Timothy O'Mara, Jerome Kraft, Marc Mendelsohn, Dennis Scholtz, Christina Lee, Rita Coker, Curt Simmons, Cynthia Simmons, Sal-Don Pension Plan, Don G. Lyle, John Lyle, Howard W. Nutt, Carl E. Bornhouser, Amporn Somsin, Donald Turntine, Janice Turntine, June Somsin, Jesse J. Ford Keogh, Mark Voss, Andrew B. Glans, James E. Haynes, Diane Shantie, Bill Von Dielingen, Jerry Allen Lee, Pakaharn Somsin, Raymond M. Locker, Ben K. Boreyko, Charles Nelson, Laurie A. Laurie, Creative Investments (Gary Larson), Barbara Chase, Jason Boreyko, Defendants.

United States Bankruptcy Appellate Panel of the Tenth Circuit.

March 5, 2007.

Attorney(s) appearing for the Case

John C. Smiley of Lindquist & Vennum P.L.L.P, Denver, CO (Michael Gilbert, Esq., of Reed & Fanos, Ouray, Colorado with him on the briefs), for Plaintiff-Appellant, Defendant-Appellant, and Defendants.

Steven R. Fox, Encino, CA (Joseph Solomon of Solomon & Solomon, Telluride, Colorado with him on the briefs), for Plaintiffs-Appellees and Plaintiffs.

Before McFEELEY, Chief Judge, THURMAN, and SOMERS, Bankruptcy Judges.

OPINION

McFEELEY, Chief Judge.

Plaintiff/Appellant Telluride Asset Resolution, LLC ("TAR") and Defendant/Appellant Telluride Global Development, LLC ("TGD") (hereinafter, when referred to jointly, "Appellants") appeal two orders of the bankruptcy court for the District of Colorado. The first order dismissed part of an adversary proceeding and abstained from lifting a preliminary injunction. The second order remanded certain equitable breach of contract claims...

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