United States Bankruptcy Court, D. Maine April 9, 1981, 19-20009 (In Re Sea Queen Kontaratos Lines, Ltd.)

MEMORANDUM DECISION

CONRAD K. CYR, Bankruptcy Judge.

CIT Corporation [CIT] requests the appointment of a chapter 11 trustee to replace present management, predicating its motion on the grounds that the debtor in possession contravened Local Rule 2007(b)(3)

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and disregarded sound business practices by dispatching the Sea Queen IV, a charter vessel leased by the debtor subject to a CIT first