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IN RE GRANADA APARTMENTS

Nos. 6986, 7060, 7061, 7186, No. 7086.

111 F.2d 834 (1940)

In re GRANADA APARTMENTS, Inc. CITY NAT. BANK & TRUST CO. OF CHICAGO et al. v. WOODS et al., and three other cases.

Circuit Court of Appeals, Seventh Circuit.

Rehearing Denied May 7, 1940.

Attorney(s) appearing for the Case

Vincent O'Brien, John Merrill Baker, and Tracy W. Buckingham, all of Chicago, Ill., for City Nat. Bank & Trust Co. of Chicago and others.

Weightstill Woods, of Chicago, Ill., for himself and others.

Weightstill Woods and Arthur Abraham, both of Chicago, Ill., for Granada Apartments Hotel Corporation and others.

Louis L. Dent, George M. Weichelt, John P. Hampton, and Roger D. Doten, all of Chicago, Ill., for Indemnity Ins. Co. of North America and others.

Before SPARKS, MAJOR, and TREANOR, Circuit Judges.

MAJOR, Circuit Judge.

These appeals are from orders in a corporate reorganization proceeding (77B, Bankr.Act, 11 U.S.C.A. § 207) and are so closely related that they may appropriately be considered and disposed of in one opinion.

Granada Hotel Corporation (predecessor in title of the debtor) was organized in 1924, and its bonds marketed by Chicago Trust Company as the house of issue. On September 1, 1928, the indebtedness was refinanced and a trust deed...

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