NSC Creditor Trust v. BSI Alloys Inc. (In re Natl Steel Co.)

Pre 2005-Act: 
Pre 2005-Act
Ruling: 
Avoidance of prepetition payments was denied since the transfers were deemed made in the ordinary course of business.
Procedural posture: 
Plaintiff trust brought an adversary proceeding against defendant contractor, seeking to avoid, as preferences, prepetition payments made by the chapter 11 debtor. The contractor asserted a new value defense under 11 U.S.C. § 547(c)(4) and an ordinary court defense under 11 U.S.C. § 547(c)(2). The trust moved for summary judgment as to three transfers. The contractor also moved for summary judgment.
Issue: 
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