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In re the Plan of Readjustment of the Rights of Holders of Investments in a Mortgage Covering 39-49 Turner Place

273 A.D. 896 Court N.Y. App. Div. Decision date 1948-03-01 English

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p. 896
In the Matter of the Plan of Readjustment of the Rights of Holders of Investments in a Mortgage Covering 39-49 Turner Place, Borough of Brooklyn, Guaranteed by Bond and Mortgage Guarantee Company. (Guarantee No. 180,527.) Mollie K. Pearlman et al., Appellants; Manufacturers Trust Company, as Trustee, et al., Respondents.

In a proceeding by the trustee of a certificated mortgage, for instructions regarding the sale of the mortgage security, order directing a sale at 90% of the unpaid principal of the mortgage indebtedness, against the opposition of some certificate holders, affirmed, without costs. No opinion. Lewis, P. J., Johnston, Adel, Sneed and Wenzel, JJ., concur.