In Re Royster Co.
United States Bankruptcy Court, S.D. New York
1Opinion of the Court
DECISION AND ORDER ON MOTION FOR MODIFICATION OF A STIPULATION AND ORDER
BURTON R. LIFLAND, Chief Judge.
I. INTRODUCTION
On April 16, 1991, during a hearing before this Court (the “April 16 Hearing”), Royster Company, Royster Midlantic Company and Rk Agri Services Inc. (collectively, “Royster”), a debtor under Chapter 11 of Title 11 of the United States Code (the “Code”), entered into a Stipulation and Order Providing for Escrow of Proceeds of Sale of Anhydrous Ammonia dated April 16, 1991 (the “Stipulation”) with Commodities International Corp. (“CTI”), Gemini, Inc. (“Gemini”), NMB Postbank…
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