In the Matter of Covington Grain Company, Inc., a Corporation, Bankrupt, Collateral Control Corporation v. Wiley Deal, Trustee

FAY, Circuit Judge:

Appellant Collateral Control Corporation appeals the denial of its petition to be substituted as claimant for a portion of Commercial Bank’s claims against the bankrupt for unpaid promissory notes secured by grain held in appellant’s warehouse. We affirm the decision of the district court.

This dispute arises from the same facts as that in In re Covington Grain Co., Inc. v. Wiley Deal, 638 F.2d 1357 (5th Cir. 1981). In that case, Collateral Control Corporation (NYTCO) sought to be substituted in the bankruptcy proceedings for the claims of farmers who had recovered judgments…