Legal Opinion
Eisenberg v. Toronto-Dominion Bank (In re Sider Ventures & Services Corp.)
District Court, S.D. New York
Decided July 15, 1983No. Bankruptcy No. 82 B 10478(PBA); Adv. No. 82-6466-APublishedCited by 1 opinion
1Opinion of the Court
PRUDENCE B. ABRAM, Bankruptcy Judge:
This adversary proceeding was commenced on December 1, 1982 by Dorothy *523Eisenberg, as Trustee for Sider Ventures & Services Corp. (“Sider”) against the Toronto-Dominion Bank (“Bank”), a secured creditor of Sider, challenging the Bank’s right to retain the full proceeds from the sale of its collateral.
Sider and the Bank entered into an Inventory Security Agreement on August 28, 1981, wherein the Bank advanced monies to Sider under a revolving line of credit in exchange for which the Bank took a security interest in steel owned by Sider. The Bank promptly…
2Cases cited4 opinions
- Wolohan Lumber Co. v. Robbins (In Re Robbins)United States Bankruptcy Court, S.D. Ohio · 1982
- Alko Manufacturing Corp. v. Neptune Meter Co.Appellate Division of the Supreme Court of the State of New York · 1964
- Alko Manufacturing Corp. v. Neptune Meter Co.New York Court of Appeals · 1965
- Nacional Financiera, S. A. v. Banco de PonceAppellate Division of the Supreme Court of the State of New York · 1954
3Cited by1 opinion
- Eisenberg v. J L International, Ltd. (In Re Sider Ventures & Services Corp.)United States Bankruptcy Court, S.D. New York · 1983