Passaic, C., Co. v. Eastside Holding Corp.

Three distinct issues are presented in the instant case, viz.:(1) The receivers' application for an order directing them to sell an unfinished apartment house of the insolvent corporation free of all liens.(2) Their application for the advice and direction of the court with reference to the acceptance of bids for same submitted to them.(3) The mortgagee's application for an order to vacate an order of the court directing the receivers to accept the bid of $250,000 in cash, made to them for said property by Isadore S. Koggan and David J. Koggan.

On January 11th, 1929, the receivers of the…