In re Philadelphia & Reading Coal & Iron Co.

MARIS, Circuit Judge.

In Steere v. Baldwin Locomotive Works, 3 Cir., 98 F.2d 889, and Central Hanover Bank & Trust Co. v. Philadelphia & Reading Coal & Iron Co., 3 Cir., 99 F.2d 642, this court, in accord with the Circuit Courts of Appeals of the Second and Fifth Circuits, laid down rules for the guidance of the district courts in permitting the intervention of security-holders’ committees in reorganization proceedings under Sec. 77B of the Bankruptcy Act, 11 U.S.C.A. § 207, and treating intervention as a condition precedent to the allowance of compensation to such committees and their…