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IN RE SOUTH LOUISIANA ETHANOL, LLC

Case No. 09-12676, Adversary No. 09-1119.

In re: SOUTH LOUISIANA ETHANOL, LLC, Chapter 11, Debtor. SOUTH LOUISIANA ETHANOL, LLC, Plaintiff, v. WHITNEY NATIONAL BANK, ET AL, Defendants.

United States Bankruptcy Court, E.D. Louisiana.

February 15, 2012.

REASONS FOR DECISION

ELIZABETH W. MAGNER, Bankruptcy Judge.

On January 20, 2012, the Motion for Authority to Distribute Funds1 ("Motion") filed by Industrial Process Technology, Inc. ("IPT") came before the Court. The Motion and Opposition thereto adopt and encompass the positions taken by the parties in their Answers to the Complaint of South Louisiana Ethanol, LLC ("SLE") and the cross claim asserted...

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