Megan v. Continental Illinois Nat. Bank & Trust Co.

EVANS, Circuit Judge.

The order from which this appeal is prosecuted was entered in a reorganization proceeding brought by debtor, Chicago and Northwestern Railway Company, pursuant to the provisions of section 77 of the Bankruptcy Act (11 U.S.C.A. § 205 note).

It appears that-appellant sought, in a summary proceeding in said bankruptcy matter, to compel appellee to restore to debtor’s checking account the sum of $505,-138.89, which on the day before the institution of the proceedings was transferred by the bank to itself to satisfy the debtor’s undefaulted $500,000 note held by said bank.1…