Diversified Mortgage Investors, Inc. v. Lake Tahoe Land Co. (In Re Lake Tahoe Land Co.)

ORDER DENYING MOTION TO DISMISS

BERT GOLDWATER, Bankruptcy Judge.

Defendant moved to dismiss this adversary action upon the ground that defendant’s Chapter 11 reorganization proceeding was dismissed while this action was pending and, inasmuch as no appeal was taken from the dismissal, the order became final, and the Court no longer had jurisdiction of this case.

Lake Tahoe Land Company, Inc., (Tahoe) filed a petition under Chapter 11 on December 18, 1979. While the petition was pending, an adversary proceeding was commenced by Diversified Mortgage Investors, Inc., (Investors) to lift the…