In Re Granada Hotel Corporation

LINDLEY, District Judge.

Parties holding bonds of the Granada Hotel Corporation, secured by trust deed, filed herein on December 31, 1934, their •creditors’ petition under section 77B of the Bankruptcy Act (11 USCA § 207), seeking reorganization of the property, which consists of an apartment building of some 200 apartments. The defendant corporation made no response to service of subpoena, -and has been defaulted. Evidence has been submitted upon the question of good faith, from which it appears that the petitioners are bona fide bondholders, who received their securities largely in…