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IN RE ITALIAN COOK OIL CORPORATION

No. B-136-49.

91 F.Supp. 72 (1950)

In re ITALIAN COOK OIL CORPORATION.

United States District Court, D. New Jersey.

June 14, 1950.

Attorney(s) appearing for the Case

Bilder, Bilder & Kaufman, Newark, N. J., for Trustees.

Kipp, Ashen & Somerville, Rutherford, N. J., for Rutherford National Bank.

Lum, Fairlie & Foster, Newark, N. J., for Whitney National Bank.

SMITH, District Judge.

This is a corporate reorganization under Chapter X of the Bankruptcy Act, 11 U.S. C.A. § 501 et seq. The proceedings are before this Court at this time on a report heretofore filed by the Referee in Bankruptcy, acting as Special Master, and the objections thereto filed by the Trustees. The question presented is a narrow one, and the facts necessary to its determination are not in dispute.

Facts

The Debtor maintained a...

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