John Hancock Mut. Life Ins. v. Casey

MAGRUDER, Circuit Judge.

This is an appeal from several orders relating to disbursements in a proceeding for corporate reorganization under Chapter X of the Bankruptcy Act, 11 U.S.C.A. § 501 et seq.

On November 1, 1940, Carlton Hotel, Inc., hereinafter referred to as the debtor, purchased iron! John Hancock Mutual Life Insurance Company, hereinafter referred to as the appellant or the mortgagee, the premises known as the Hotel Buckminster, in Boston, and certain personal property contained therein, for $360,-000. As part of the purchase price the debtor executed a mortgage note in the sum of…