In The Matter Of Wonderbowl, Inc., Debtor

460 F.2d 1220 In the Matter of WONDERBOWL, INC., a California corporation, Debtor. WRATHER CORPORATION, Petitioner-Appellant, v. SECURITY PACIFIC NATIONAL BANK et al., Respondents-Appellees, George T. Goggin, Trustee-Appellee. No. 71-1303. United States Court of Appeals, Ninth Circuit. April 11, 1972. Robert H. Shutan (argued), of Shutan & Trost, Los Angeles, Cal., Kaplan, Livingston, Goodwin, Berkowitz & Selvin, Beverly Hills, Cal., for appellant. C. E. H. McDonnell (argued), Buchalter, Nemer, Fields & Savitch, Robert Fitzpatrick, Los Angeles, Cal., for appellees. Before BROWNING and DUNIWAY, Circuit Judges, and COPPLE, District Judge * . DUNIWAY, Circuit Judge: 1 Wrather Corporation appeals from the district court's order refusing to permit Wrather to withdraw its successful bid for certain property owned by the debtor Wonderbowl, Inc. We reverse. 2 In a proceeding under Chapter X of the Bankruptcy Act, 11 U.S.C. Sec. 501ff, the Trustee of Wonderbowl, Inc. offered for sale at a court-authorized auction, "free and clear of liens and encumbrances," three parcels of land owned by Wonderbowl. At the sale hearing on November 6, 1968, Caruso Enterprises, Inc. (CEI),…