ABN AMRO Bank N v. v. Carmania Corp. N v. (In Re Carmania Corp. N v.

OPINION AND ORDER

MUKASEY, District Judge.

ABN AMRO Bank (“the Bank”) appeals from a decision of the United States Bankruptcy Court for the Southern District of New York, Cornelius Blackshear, B.J. Bankruptcy Judge Blackshear held that postpetition rents assigned to the Bank as additional security for a mortgage held by the Bank did not constitute cash collateral within the meaning of 11 U.S.C. § 363(a), and consequently he denied the Bank's motion for sequestration of cash collateral pursuant to 11 U.S.C. § 363(e). Carmania (“the Debtor”) argues further that even if the rents are properly…