In Re American Punjab Corp.

NOTICE OF INTENDED DECISION

LOREN S. DAHL, Chief Judge.

INTRODUCTION

This case is a rather rare example of a debtor who files chapter 11 with substantial assets, pays its creditors through a chapter 11 plan, and emerges from the bankruptcy with a few less but nonetheless still with substantial assets.

Pursuant to the confirmed chapter 11 plan all creditors have been paid in full. Thus, although the present objection to the claim of Bank of America (Bank) was filed by the Committee of Unsecured Creditors (Committee) and joined by the debtor, the real party in interest is the debtor.

A brief review…