Intermediate Credit Corp. v. Overseas National Airways, Inc.

This is a petition by Intermediate Credit Corporation (Intermediate), pursuant to section 6221 of the Civil Practice Law and Rules to vacate or discharge an attachment, void the levy on two airplanes identified in the petition, direct the property be turned over to the petitioner and to increase the amount of the undertaking furnished by the respondent Chef’s Orchid Airline Caterers, Inc. (Chef’s).

*523The petitioner is the conditional vendor of the airplanes. Respondent Overseas National Airways, Inc. (Overseas) is the conditional vendee. The contract of sale is dated December 21,1962, and was…