IN RE PERSPECTRON, INC.

No. 17199.

422 F.2d 576 (1970)

In The Matter of PERSPECTRON, INC., Bankrupt. Robert L. BALZANO, Trustee in Bankruptcy of Perspectron, Inc., Petitioner-Appellant, v. AERO-DYNE CORPORATION OF ILLINOIS, Respondent-Appellee, and United States of America, Reclamation Petitioner-Appellee.

United States Court of Appeals, Seventh Circuit.

February 12, 1970.


Attorney(s) appearing for the Case

Anna R. Lavin, Chicago, Ill., for appellant.

Thomas A. Foran, U. S. Atty., Richard A. Makarski, Asst. U. S. Atty., for reclamation-petitioner-appellee, John Peter Lulinski, Michael B. Nash, Asst. U. S. Attys., of counsel.

William B. Davenport, Robert E. Pfaff, Chicago, Ill., for respondent-appellee, Aero-Dyne Corp., Jenner & Block, Chicago, Ill., of counsel.

Before CASTLE, Chief Judge, and MAJOR and HASTINGS, Senior Circuit Judges.


MAJOR, Senior Circuit Judge.

The receiver for Perspectron, Inc., a bankrupt (Perspectron or the bankrupt), on July 28, 1966, filed a petition for a turn-over order, subsequently adopted by the bankruptcy trustee. The petition in substance alleged that on or about June 15, 1966, equipment and material of a value of approximately $150,000 was transferred from Perspectron to Aero-Dyne Corporation of Illinois (Aero-Dyne) without consideration, for the purpose of delaying...

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