In re United Merchants & Manufacturers Inc.

MEMORANDUM

IRVING BEN COOPER, District Judge.

Bankruptcy appeal. Appellants Vertical Industrial Park Associates (“VIPA”) and Allison Realty Company (“Allison”), unsecured creditors of appellee, United Merchants and Manufacturers, Inc. (“UM&M”), a Chapter XI debtor, appeal from an order of Bankruptcy Judge Roy Babitt, dated April 19, 1979, denying them post-confirmation interest on their disputed claims which were settled after confirmation of the ,plan of arrangement (“Plan”).

Under the Plan, UM&M was required to deposit on interest a reserve large enough *521to cover claims in dispute at the time…