Georgetown Steel Co. v. Progress Rail Services Corp. (In Re Georgetown Steel Co.)

ORDER

JOHN E. WAITES, Bankruptcy Judge.

This matter comes before the Court upon cross Motions for Summary Judgment filed by Georgetown Steel Company, LLC (“Georgetown Steel” or “Debtor”) and Progress Rail Services Corporation (“Progress Rail” or “Defendant”). The controversy in this matter is the determination of which party is entitled to the proceeds of certain inventory that was in Debtor’s possession on the date of the bankruptcy filing. After examining the record of the case and considering the arguments of counsel, the Court believes that before it can rule on the ultimate issue of which…