In re Hydrocarbon Chemicals, Inc.

HASTIE, Chief Judge, with whom ALDISERT and STAHL, Circuit Judges,

join, dissenting.

In controversy here are applications for compensation made in a reorganiza*208tion proceeding under Chapter X of the Bankruptcy Act for services rendered by attorneys during a preceding Chapter XI proceeding. The economic benefit of the services is said to have been realized by the bankrupt estate in the Chapter X reorganization, but the district court concluded as a matter of law that it lacked authority to allow the requested compensation. Thus the question now presented is not whether in the exercise of…