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IN RE EASTERN UTILITIES INVESTING CORPORATION

No. 1247.

23 F.Supp. 719 (1938)

In re EASTERN UTILITIES INVESTING CORPORATION.

District Court, D. Delaware.

April 7, 1938.

Attorney(s) appearing for the Case

Robert H. Richards and Charles F. Richards (of Richards, Layton & Finger), all of Wilmington, Del., and Travis, Brownback & Paxson, of New York City, for debtor.

Daniel O. Hastings (of Hastings, Stockly & Duffy), all of Wilmington, Del., for Associated Gas & Electric Co.

Joseph M. Hartfield (of White & Case), all of New York City, for Thomas F. Bayard, trustee.

John J. Morris, Jr., U. S. Atty., of Wilmington, Del., Frank J. Wideman, Sp. Ass't to Atty. Gen., and Eugene O'Dunne, Jr., Sp. Atty., Bureau of Internal Revenue, of Washington, D. C. (Herman Oliphant, Gen. Counsel, Department of the Treasury, J. P. Wenchel, Chief Counsel, Bureau of Internal Revenue, and Angus R. Shannon, Jr., Sp. Atty., Bureau of Internal Revenue, all of Washington, D. C., on the brief), for the United States.

NIELDS, District Judge.

Petition of the United States for an examination of certain present and former officers and directors of the debtor and of other persons, pursuant to section 21a of the Bankruptcy Act, as amended, 11 U.S. C.A. § 44(a).

January 10, 1938, the United States filed a petition in this proceeding stating that its tax claims exceed the value of the assets of the debtor held in escrow by the trustee as security for their payment. This petition...

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