Bindley Western Industries v. Reliable Drug Stores, Inc. (In Re Reliable Drug Stores, Inc.)

ENTRY

BARKER, Chief Judge.

Bindley Western Industries, Inc. (“Bind-ley”) appeals the Bankruptcy Court’s Order Confirming Plan (“Confirmation Order”) entered on December 10, 1993, in which the Bankruptcy Court held that Bindley was not entitled to an administrative expense claim because the liens held by the Banks and Acadia had priority over Bindley’s reclamation claim. Because the Court finds that any administrative claim to which the reclaiming creditors are entitled is without value, the Court affirms the judgment of the Bankruptcy Court.

I. BACKGROUND

Appellees are a group of banks which made…