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IN RE IMPERIAL "400" NATIONAL, INC.

No. B 656-65.

324 F.Supp. 582 (1971)

In the Matter of IMPERIAL "400" NATIONAL, INC., a Delaware corporation, Bristol Financial Corporation, a New Jersey corporation, Imperial "400" Corporation, a Nevada corporation, Imperial "400" Land Corporation, a Delaware corporation, Motor Hotel Properties, Inc., a New Jersey corporation, Transnational Development Corporation, a New Jersey corporation, Four Hundred Construction Corporation, a Delaware corporation, National Motel Construction Company, a California corporation, and Trans-World Motel Supply Corporation, a California corporation, Debtors.

United States District Court, D. New Jersey.

March 26, 1971.

Attorney(s) appearing for the Case

Joseph M. Nolan, Newark, N. J., for Trustee.

Alan Weiss, Newark, N. J., for General Tire Co.

Sheldon Schachter, Newark, N. J., for Creditors Committee.

Stephen Bosin, New York City, for S. E.C.

OPINION

SHAW, District Judge.

This matter comes before the Court on application of the Trustee for a fourth ad interim allowance. Brief reference to the factual background of this Chapter X proceeding is appropriate. Initially a joint petition under Chapter XI of the Bankruptcy Act was filed by the Debtors on June 3, 1965. A Plan of Arrangement was submitted to the Referee in Bankruptcy on December 15, 1965. Thereupon the Securities and Exchange Commission...

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