In re General Theatres Equipment, Inc.

NIELDS, District Judge.

A petition for leave to intervene in this proceeding was filed by Jay Carton, the holder of five $1,000 bonds of General Theatres Equipment, Inc., debtor, in proceedings for reorganization under section 77B of the Bankruptcy Act (11 U.S.C.A. § 207).

February 29, 1932, in proceedings in the Court of Chancery of the state of Delaware a receiver of General Theatres Equipment, Inc., was appointed. For over a period of three years a debenture holders’ committee endeavored to formulate a plan of reorganization. Because of litigation and the financial conditions of the time, it…