Legal Opinion

City of Albany Industrial Development Agency v. Garg

Appellate Division of the Supreme Court of the State of New York

Decided May 14, 1998PublishedCited by 21 opinions

1Opinion of the CourtCardona, P. J.

Appeal from an order of the Supreme Court (Graffeo, J.), entered March 27, 1997 in Albany County, which denied defendants’ motion to vacate the default judgment entered against them.

This appeal arises out of a commercial loan transaction that became unsuccessful when Thruway Investments, a limited *992partnership in which defendants Jagadish Garg and Pushpa Garg are the general partners, defaulted on a $500,000 loan made to it by plaintiff in July 1989. In exchange for the loan, Thruway Investments gave plaintiff a third mortgage on its interest in a 99-year ground lease covering property located…

2Cases cited4 opinions

  1. Abbott v. ConwayAppellate Division of the Supreme Court of the State of New York · 1989
  2. S.A.B. Enterprises, Inc. v. Stewart's Ice Cream Co.Appellate Division of the Supreme Court of the State of New York · 1997
  3. Hasselt v. AllenAppellate Division of the Supreme Court of the State of New York · 1991
  4. Savago v. PayneAppellate Division of the Supreme Court of the State of New York · 1991

3Cited by21 opinions

  1. Di Fiore v. ScottAppellate Division of the Supreme Court of the State of New York · 2003
  2. HSBC Bank USA, N.A. v. AshleyAppellate Division of the Supreme Court of the State of New York · 2013
  3. Aames Capital Corp. v. DavidsohnAppellate Division of the Supreme Court of the State of New York · 2005
  4. Hayes v. Village of MiddleburghAppellate Division of the Supreme Court of the State of New York · 2016
  5. Rizzo v. St. Lawrence UniversityAppellate Division of the Supreme Court of the State of New York · 2005

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