Legal Opinion

Aetna Realty Investors, Inc. v. Monarch Beach Venture, Ltd. (In Re Monarch Beach Venture, Ltd.)

District Court, C.D. California

Decided November 16, 1993No. SACV 93-934-GLT. Bankruptcy No. SA 92-17591-JBPublishedCited by 27 opinions

1Opinion of the Court

ORDER ON APPEAL

TAYLOR, District Judge.

This ease raises the issue, largely undefined in the Ninth Circuit, of legal standards applicable for evaluating a “cram down” plan under 11 U.S.C. Section 1129(b). The court reviews those standards, and REMANDS the case for further findings.

I. BACKGROUND

Aetna Realty Investors, holder of a $31 million secured claim against Debtor Monarch Beach Venture, Ltd., seeks reversal of the bankruptcy court’s order confirming the Debtor’s plan of reorganization under Chapter 11 of the Bankruptcy Code, 11 U.S.C. § 101 et seq. Aetna contends the bankruptcy court erred…

2Cases cited30 opinions

  1. Grogan v. GarnerSupreme Court of the United States · 1991
  2. Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
  3. In Re American Mariner Industries, Inc., Debtor. Crocker National Bank v. American Mariner Industries, Inc., Debtor-AppelleeCourt of Appeals for the Ninth Circuit · 1984
  4. In the Matter of JAMES WILSON ASSOCIATES, Debtor. Appeals of METROPOLITAN LIFE INSURANCE COMPANYCourt of Appeals for the Seventh Circuit · 1992
  5. Metropolitan Life Ins. v. Murel Holding Corp.Court of Appeals for the Second Circuit · 1935

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3Cited by27 opinions

  1. United States Ex Rel. Farmers Home Administration v. Arnold & Baker Farms (In Re Arnold & Baker Farms)United States Bankruptcy Appellate Panel for the Ninth Circuit · 1994
  2. In Re Arnold & Baker Farms, Debtor. Arnold & Baker Farms v. United States of America, on Behalf of the United States Farmers Home Administration, Arnold & Baker Farms, and Western Cotton Services Corp. v. United States of America, on Behalf of the United States Farmers Home Administration, Arnold & Baker Farms v. United States of America, on Behalf of the United States Farmers Home Administration, Western Cotton Services Corp.Court of Appeals for the Ninth Circuit · 1996
  3. CoreStates Bank, N.A. v. United Chemical Technologies, Inc.District Court, E.D. Pennsylvania · 1996
  4. In Re Prussia AssociatesUnited States Bankruptcy Court, E.D. Pennsylvania · 2005
  5. In Re Trenton Ridge Investors, LLCUnited States Bankruptcy Court, S.D. Ohio · 2011

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