Legal Opinion
Parameswari Veluchamy v. Bank of America, N.A.
Court of Appeals for the Seventh Circuit
Decided January 12, 2018No. 15-2902, 15-2908, 15-3815, & 16-3496PublishedCited by 61 opinions
1Opinion of the Court
MANION, Circuit Judge.
This is an appeal from the district court’s decisions in bankruptcy adversary proceedings. Pethinaidu Veluchamy and Parameswari Veluchamy (collectively “senior Veluchamys”) earned great wealth in various businesses. They acquired two banks in the 1990s and merged them. When this bank suffered financial problems, the senior Veluchamys personally borrowed and guaranteed loans totaling $40 million from a predecessor of Bank of America (“BoA”). But the loans went into default in 2008, and BoA obtained a judgment against the senior Veluchamys in 2010 for over $43 million.
The…
2Cases cited36 opinions
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Sherwin S. Stern v. United States Gypsum, Inc.Court of Appeals for the Seventh Circuit · 1977
- American General Life and Accident Insurance Company v. Larry WoodCourt of Appeals for the Fourth Circuit · 2005
- Fednav International Ltd. v. Continental InsuranceCourt of Appeals for the Seventh Circuit · 2010
- United States v. Carl Hach and Francis HachCourt of Appeals for the Seventh Circuit · 1998
31 more not listed; retrieve them via the Exa API.
3Cited by61 opinions
- Mhammad Abu-Shawish v. United StatesCourt of Appeals for the Seventh Circuit · 2018
- Angela Riley v. City of Kokomo, Indiana, HousiCourt of Appeals for the Seventh Circuit · 2018
- John Evans v. Susan GriffinCourt of Appeals for the Seventh Circuit · 2019
- Romero v. Clean Harbors Surface Rentals USA, Inc.District Court, District of Columbia · 2019
- United States v. Anthony HowellCourt of Appeals for the Seventh Circuit · 2020
56 more not listed; retrieve them via the Exa API.