Ad Hoc Protective Committee for 10½% Debenture Holders v. Itel Corp. (In Re Itel Corp.)

OPINION

VOLINN, Bankruptcy Judge:

The debtor filed a voluntary petition under Chapter 11 of the Bankruptcy Code on January 19, 1981. It also filed, on that date, a pleading entitled Application For Order Requiring That List Of Debenture Holders Be Impounded; And Order Thereon. The Application recited that amongst the creditors were holders for four series of publicly held debentures, and three series of non-registered Guaranteed Debentures which had been sold to European bondholders. The Application further recited that Interim Bankruptcy Rule 1007 required that where, as occurred in the…