The Chase Manhattan Bank (National Association) v. Corporacion Hotelera De Puerto Rico, Municipality of San Juan, Intervenor-Appellant

This is an appeal from an order of the District Court for the District of Puerto Rico denying an application for leave to intervene.

The suit began in August, 1967, when the Chase Manhattan Bank filed to foreclose on a mortgage 1 of a tourist hotel held by the Corporación Hotelera de Puerto Rico, which soon thereafter became bankrupt. The Secretary of the Treasury of Puerto Rico was joined as a party defendant, and he alleged that the mortgaged property was subject to a lien for unpaid property taxes and claimed priority over the proceeds from its sale. In 1968 the court entered a judgment in…