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CHEMICAL BANK NEW YORK TRUST COMPANY v. KHEEL

Nos. 144-151, Dockets 30684-30691.

369 F.2d 845 (1966)

CHEMICAL BANK NEW YORK TRUST COMPANY, Trustee for Bondholders, Objectant-Appellant, v. Theodore W. KHEEL and Raymond J. Scully, Trustees in Reorganization, and United States of America, Appellees. In the Matter of SEATRADE CORPORATION, Kulukundis Maritime Industries, Inc., Tramp Shipping & Oil Transportation Co., A. H. Bull Steamship Co., A. H. Bull & Co. (Inc.), American Tramp Shipping Development Corporation, Messenian Shipping Corporation, Star Line Agency, Inc., Debtors.

United States Court of Appeals Second Circuit.

Decided December 2, 1966.

Attorney(s) appearing for the Case

Richard B. Barnett, New York City (Edward L. Johnson, William F. Faison and Haight, Gardner, Poor & Havens, New York City, on the brief), for objectant-appellant.

I. N. P. Stokes, New York City (James V. Ryan and Webster, Sheffield, Fleischmann, Hitchcock & Chrystie, New York City, on the brief), for appellees Kheel and Scully.

Irwin B. Robins, Asst. U. S. Atty., Southern Dist. of New York (Robert M. Morgenthau, U. S. Atty. and Marjorie A. Fine, Asst. U. S. Atty., Southern Dist. of New York, on the brief), for appellee United States.

Before FRIENDLY, SMITH and FEINBERG, Circuit Judges.

J. JOSEPH SMITH, Circuit Judge.:

Seatrade Corporation, Kulukundis Maritime Industries, Inc., Tramp Shipping and Oil Transportation Co., A. H. Bull Steamship Co., A. H. Bull & Co. (Inc.), American Tramp Shipping Development Corporation, Messenian Shipping Corporation and Star Line Agency, Inc., corporations engaged in the shipping trade, are all debtors in proceedings under Chapter X of the Bankruptcy Act, and attempts at a plan of reorganization having failed...

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