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IN RE CALTON CRESCENT

No. 111, Docket 21112.

173 F.2d 944 (1949)

In re CALTON CRESCENT, Inc. MANUFACTURERS TRUST CO. v. BECKER et al.

United States Court of Appeals Second Circuit.

Writ of Certiorari Granted June 6, 1949.

Attorney(s) appearing for the Case

Beckman & Bogue, of New York City (Edward K. Hanlon and Bertrand L. Kohlman, both of New York City, of counsel), for appellant.

David W. Kahn, of New York City, for appellees.

Roger S. Foster, Gen. Counsel, of Washington, D. C., George Zolotar, of New York City, and David Ferber, of Philadelphia, Pa. (W. Victor Rodin, of Philadelphia, Pa., and Ezra Weiss, of New York City, of counsel), Special Counsel, for Securities and Exchange Commission as amicus curiae.

Before L. HAND, Chief Judge, SWAN and CHASE, Circuit Judges.

Writ of Certiorari Granted June 6, 1949. See 69 S.Ct. 1170.

SWAN, Circuit Judge.

This appeal brings up for review an order with respect to the claims of three creditors, the appellees, in an arrangement proceeding under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq. The debtor, Calton Crescent, Inc., was formerly the owner of an apartment house located in New Rochelle, New York. In January, 1946...

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