McGlinn v. Wilson Line, Inc.

The Chancellor :

Receivers in insolvency were appointed for the above named defendant on February 20, *3171934, upon bill and consent answer filed on that day. They took possession of all of the defendant’s assets except a small and relatively unimportant portion thereof located outside of the jurisdiction of this court.

The Pennsylvania Company for Insurances on Lives and Granting Annuities, as trustee under an indenture of mortgage executed by the insolvent defendant, filed its petition asking leave of the court to institute foreclosure proceedings on the mortgage and to make the receivers…