In re Consolidated Retail Stores, Inc.

HERLANDS, District Judge.

This is a petition to review a Referee’s order, dated October 2, 1957, confirming an arrangement of the debtor, Consolidated Retail Stores, Inc. under Chapter XI of the Bankruptcy Act, 11 U.S.C.A. § 701 et seq. The debtor is a large national corporation, whose stock is listed on the American stock exchange.

■ An amended plan of arrangement with the creditors was entered into on July 26, 1957 and confirmed on October 2, 1957. None of the creditors have objected to the plan.

The gravamen of the objection now interposed by the petitioner is that, simultaneously with the…