OPINION
CAFFREY, District Judge.
This is a civil action which was referred to Referee Edwin F. Hannon as Special Master upon the application of Dynation Corporation, a creditor. The matter came before the Court upon objections to the report of the Special Master filed by Dynation Corporation pursuant to the provisions of Section 328 of the Bankruptcy Act (11 U.S.C. § 728). The following facts were found by the Special Master:
On July 14, 1969...
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