IN RE ASSOCIATED GAS & ELECTRIC CO.

No. 303.

137 F.2d 607 (1943)

In re ASSOCIATED GAS & ELECTRIC CO. CLARKE v. NEW YORK TRUST CO. et al.

Circuit Court of Appeals, Second Circuit.

August 9, 1943.


Attorney(s) appearing for the Case

Stanley Clarke, of New York City (Samuel J. Silverman and James R. Flynn, both of New York City, of counsel), for appellant.

Humes, Buck, Smith & Stowell, of New York City (Irwin L. Tappen, of New York City, of counsel), for New York Trust Company as Trustee, appellee.

Stephen B. Vreeland, of New York City, for Pennsylvania Co. for Insurances on Lives and Granting Annuities, appellee.

Jack Lewis Kraus, II, of New York City (William L. Grossman, of New York City, of counsel), for General Protective Committee, appellee.

Franklin S. Wood, of New York City (Clarence Fried, of New York City, of counsel), for Howard Vredenburgh, etc., appellee.

Before SWAN, CHASE and CLARK, Circuit Judges.


SWAN, Circuit Judge.

Associated Gas and Electric Company, hereafter called the Company, filed a voluntary petition for reorganization on January 10, 1940. On that date there existed undisbursed balances of funds which the Company had previously transmitted to Transfer and Paying Agency (called Trapa), Irving Trust Company and Chase National Bank, respectively, to be used to pay obligations of the Company maturing before January...

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