Ebling Brewing Co. v. Heirloom, Inc.

The opinion of the court was delivered by

Case, J,

The appeal is from an order appointing a statutory-receiver of the defendant corporation and from other orders incident thereto. The proofs will not be recounted here as they are stated and lucidly appraised in the opinion of Vice Chancellor Egan, 141 N. J. Eq. 136.

The bill of complaint alleged the debt, the insolvency of the defendant, its inability to meet its maturing obligations either by the use of cash or other assets or by an honest use of credits and other matters incident to such a proceeding. Title 14 of the 1937 Revised Statutes,…