In the Matter of Graco, Inc. D/B/A Furmiture World in Proceedings for an Arrangement Under Chapter Xi

FEINBERG, Circuit Judge:

Nine creditors appeal from a denial by the District Court for the District of Connecticut, M. Joseph Blumenfeld, J., of their petition for review of a referee’s order confirming a plan of arrangement under Chapter XI of the Bankruptcy Act. For reasons given below, we affirm.

The district judge found, inter alia, the following: The debtor, Graco, Inc., d/b/a Furniture World, on April 20, 1965, filed a petition for arrangement not accompanied by a proposed plan under section 322 of the Act, 11 U.S.C. § 722. A plan of arrangement was filed on May 26, and all creditors were…