IN RE INDUSTRIAL MACHINE & SUPPLY CO.

No. 21702.

112 F.Supp. 261 (1953)

In re INDUSTRIAL MACHINE & SUPPLY CO.

United States District Court W. D. Pennsylvania.

Supplemental Opinion May 25, 1953.


Attorney(s) appearing for the Case

John J. Laffey, Pittsburgh, Pa., for Trustee.

Robert A. Jarvis, Pittsburgh, Pa., for Stockholders.

John A. Robb, Pittsburgh, Pa., for debtor.

George Zolotar, New York City, counsel for Securities and Exchange Commission.


GOURLEY, Chief Judge.

This matter comes before the court on application for payment of final allowances and reimbursement for various loans granted the debtor corporation.

Divers loans were made to the Debtor by Trustee and his counsel during the reorganization of the debtor corporation. The record fails to disclose any authorization on the part of this court to make said loans as required by the Chandler Act, 11 U.S.C.A. § 516(2). The law is undisputed...

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