In re Philadelphia & Reading Coal & Iron Co.

MARTS, Circuit Judge.

Section 156 of the Bankruptcy Act as amended by the Chandler Act, 11 U.S.C. § 556, 11 U.S.C.A. § 556, provides that upon the approval of a petition for reorganization under Chapter X the judge shall appoint one or more trustees if the indebtedness of the debtor is $250,000 or over. Section 276(c) (2), 11 U.S.C. § 676(c) (2), 11 U.S.C.A. § 676(c) (2), provides that if the petition was approved more than three months before the effective date of the amendatory act, the provisions of amended Chapter X shall apply to the proceeding to the extent that the judge shall deem…