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IN RE SPONSOR REALTY CORPORATION

48 F.Supp. 735 (1943)

In re SPONSOR REALTY CORPORATION.

District Court, S. D. New York.

January 19, 1943.

Attorney(s) appearing for the Case

Davis, Polk, Wardwell, Gardiner & Reed, of New York City (Theodore Kiendl and Charles Ress, both of New York City, of counsel), for debtor.

Albert W. Fribourg, of New York City (Sidney Jarcho, of New York City, of counsel), for petitioning creditors.

George Zolotar, Jacob F. Raskin, and Kiva Burke, all of New York City, for Securities and Exchange Commission.

Joseph V. McKee, of New York City (Gilbert Lazerus, of New York City, of counsel), for Title Guarantee & Trust Co.

RIFKIND, District Judge.

The issues presented by the involuntary petition and answer under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq., have been tried to the court and the question is whether the petition should be approved.

The debtor is a New York corporation. It owns and operates a business building located at 3801 Broadway in the City of New York. The several portions of the building are leased to tenants. F. W. Woolworth and Company...

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