Stille Young Corp. v. Grigsby-Grunow Co.

SPARKS, Circuit Judge.

This appeal arises over the court’s dismissal of appellants’ petition, under section 77B of the Bankruptcy Act (11 USCA § 207) for the reorganization of the Grigsby-Grunow Company, an Illinois corporation, filed October 12, 1934.

All proceedings referred to herein, whether in bankruptcy or otherwise, were had before Judge Barnes of the District Court. We deem it necessary to set forth a short resume of those proceedings as explanatory of the conditions which confronted the court at the time of the ruling, and as bearing - on the reasonableness of the court’s conclusion…