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IN RE INTERNATIONAL POWER SECURITIES CORP.

Civ. No. 1602a.

119 F.Supp. 31 (1954)

In re INTERNATIONAL POWER SECURITIES CORP.

United States District Court D. New Jersey.

February 19, 1954.

Attorney(s) appearing for the Case

Milton, McNulty & Augelli, Jersey City, N. J., for trustee.

White & Case, New York City, for indenture trustee and others.

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

SMITH, District Judge.

This is a corporate reorganization under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq. The matter is before the Court at this time on the petitions for allowances filed herein by the Bankers Trust Company, the indenture trustee, and White & Case, attorneys for the indenture trustee. Their right to "reasonable compensation" for the services rendered is governed by Section 242 of the Act, 11 U.S.C.A. § 642.

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