MINTON, Circuit Judge.
J. C. Groendyke Company, herein referred to as the corporation, filed a petition for reorganization under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. A plan of reorganization was approved by the court, but because the corporation was unable to borrow the money required by the plan, it did not go into effect, and finally a trustee in bankruptcy was appointed.
During the reorganization proceedings, covering a period...
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