Bache v. Louisiana Oil Refining Corp‪.‬

This case presents two separate second appeals from a judgment approving a plan of reorganization of Louisiana Oil Refining Corporation and its wholly owned subsidiary, Louisiana Oil Corporation, under the provisions of section 77B, National Bankruptcy Act, as amended, 11 U.S.C.A. § 207. On former appeals the judgment was set aside on the grounds that the district judge had failed to exercise his discretion in denying the applications of appellants to withdraw their acceptance of a proposed plan of reorganization; and that a hearing had not been had to consider an amended plan before its approval. Continental Ins. Co. v. Louisiana Oil Ref. Corp., 5 Cir., 89 F.2d 333. We refer to that decision for a statement of the case in general and will review only the facts pertinent to these appeals.