In Re Inland Waterways, Inc.

NORDBYE, District Judge.

The Government is proceeding under Section 721, Title 50 U.S.C.A.Appendix, Act Oct. 16, 1941, as amended on March 27, 1942, which section authorizes the President to requisition property of the type and character described herein when it is made to appear that such property is essential to the war effort. The Trustee in Bankruptcy opposes the petition and requests that he be permitted to retain the property described so as to enable him to perfect a plan of reorganization herein.

At the outset, it should be made clear that the Government asserts that the proceeding…