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IN RE ALDA COMMERCIAL CORPORATION

No. 68 B 711.

327 F.Supp. 1315 (1971)

In the Matter of ALDA COMMERCIAL CORPORATION, Bankrupt.

United States District Court, S. D. New York.

June 9, 1971.

Attorney(s) appearing for the Case

Martin J. Forgang, New York City, for petitioner, Silverman.

Alex L. Rosen, New York City, for trustee.

MEMORANDUM

BONSAL, District Judge.

Petitioner Abe Silverman seeks review of an order filed by Referee Babitt on October 2, 1970. The facts found by the Referee, as to which there appears to be no dispute, are as follows:

"The now bankrupt, Alda Commercial Corporation, (Alda) was in the financing business. In April, 1967, in separate transactions, Silverman and Baron each executed two `participation agreements' with Alda. Those agreements furnished...

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