Minez v. Kromocolor, Inc.

Petitioner, Joseph O'Donnell, seeks the return of $21,000 which he and his assignor heretofore paid to the receivers of the insolvent defendant corporation as a deposit on account of the purchase price of its assets whereof he was declared to be the successful bidder.

These assets consisted of a large tract of land adjoining the State Highway route No. 4, in the borough of Paramus, the buildings thereon, as well as all of the equipment therein; all of which were formerly used by the defunct company in connection with the conduct of the printing, developing, coloring and processing of motion…