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IN RE MIMSHELL FABRICS, LTD.

No. 51, Docket 72-1804.

491 F.2d 21 (1974)

In the Matter of MIMSHELL FABRICS, LTD., Bankrupt. NEW YORK CREDIT MEN'S ADJUSTMENT BUREAU, INC., Trustee, Appellant, v. C.I.T. CORPORATION et al., Appellees.

United States Court of Appeals, Second Circuit.

Decided January 25, 1974.

Attorney(s) appearing for the Case

Herbert Ash, New York City (Hahn, Hessen, Margolis & Ryan, Frederick C. Stern, New York City, of counsel), for appellant.

Mendel Zucker, New York City (Goldschmidt & Zucker, New York City, Joel Ifcher, New York City, of counsel), for appellee The Singer Co.

Sheldon Engelhard, New York City (Vladeck, Elias, Vladeck & Lewis, New York City, of counsel), for appellee Speizman Knitting Machine Corp.)

Alexander H. Rockmore, New York City (Samuel Gutterman, New York City, of counsel), for appellee Monarch Knitting Mills and C. I. T. Corp.

Before MOORE, FEINBERG and MANSFIELD, Circuit Judges.

MOORE, Circuit Judge:

New York Credit Men's Adjustment Bureau, Inc. (hereafter New York Credit), appellant in this action, is trustee in bankruptcy for Mimshell Fabrics, Ltd. (hereafter Mimshell), a contract knitting firm. Mimshell was adjudged a bankrupt on August 30, 1971, and New York Credit, as trustee, represents its general creditors. The several appellees in this action are firms that supplied Mimshell with machines used in its business pursuant to conditional...

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