In Re Pine Hill Collieries Co.

KIRKPATRICK, District Judge.

Section 203 of Chapter X of the. Bankruptcy Law, 11 U.S.C.A. § 603, provides: “If the acceptance or failure to accept a plan by the holder of any claim or stock is not in good faith, in the light of or irrespective of the time of acquisition thereof, the judge may, after hearing upon notice, direct that such claim or stock be disqualified for the purpose of determining the requisite majority for the acceptance of a plan.”

The question presented by the Trustee’s petition, the answer and the testimony taken at the hearing is whether securities acquired for the purpose…