In re International Sugar Feed Co.

NORDBYE, District Judge.

Petitioner bases his right of dismissal on the grounds that the debtor corporation, by reason of the lapse of its charter, had no power to initiate the reorganization proceedings. Objection was made by the debtor and certain creditors to the right of petitioner as a single stockholder to be heard, but, in that the petition filed by the stockholder raises a question as to the right of this court to assume jurisdiction under the circumstances, the court has determined that the matter should be considered on its merits.

The debtor was incorporated under the laws of the…