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IN RE DISTILLERS FACTORS CORP.

No. 10274.

187 F.2d 685 (1951)

In re DISTILLERS FACTORS CORP.

United States Court of Appeals Third Circuit.

Decided March 14, 1951.

Attorney(s) appearing for the Case

Max L. Rosenstein, Newark, N.J., Archibald Palmer, New York City, for petitioner.

Daniel G. Kasen, Newark, N.J. (Kasen, Schnitzer & Kasen, Newark, N.J., on the brief), for respondent.

Before GOODRICH, KALODNER, and HASTIE, Circuit Judges.

HASTIE, Circuit Judge.

This appeal is from an order of the United States District Court for the District of New Jersey dismissing sua sponte appellant's petition for an arrangement under Chapter XI of the Bankruptcy Act.

Appellant is a New Jersey corporation. For more than one hundred years, New Jersey has provided a statutory proceeding in the interest of creditors, stockholders, and the public at large, whereby a corporation may be disabled from exercising...

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