Pastimes Publishing Co. v. Advertising Displays

Pastimes Publishing Company (hereinafter Pastimes) filed a complaint and application for supervision of liquidation naming various persons, businesses and corporations who have a claim or interest as creditors of Pastimes. Upon Pastimes’ motion the court entered an order enjoining any action by Pastimes’ creditors without leave of the court. Among the creditors were defendant-appellant, Midland Paper Company (Midland) and defendant-appellee Jupiter Press, Inc. (Jupiter).

Midland filed a motion for summary judgment and for a turnover order wherein it stated that it had a perfected security…