In the Matter of Manufacturers Credit Corporation, Debtors. American Oil Company, a Trade Creditor

OPINION OF THE COURT

FORMAN, Circuit Judge.

This is an appeal by American Oil Company 1 from an order 2 of the United States District Court for the District of New Jersey of January 12, 1968, granting the motion of the Securities and Exchange Commission, made pursuant to section 328 of the Bankruptcy Act, 11 U.S.C. section 728, to dismiss the proceedings brought by Manufacturers Credit Corporation and twenty-five other debtor corporations under Chapter XI of the Act, 11 U.S.C. section 701 et seq., unless amended petitions are filed either by the debtors or their creditors comply ing with the…