Ishkhanian v. Guekguezian

Plaintiff commenced this action by summons and notice of motion to recover on two promissory notes executed by the defendant in plaintiff’s favor. It is not contested that the notes represent a balance of $75,000 owed by defendant and her wholly owned company Park Travel Ltd. on a $25,000 loan previously made to defendant Guekguezian, individually, and a $100,000 collateral agreement given by plaintiff to secure a loan to defendant’s company in that amount from Bank Audi (USA). Defendant defaulted on the bank loan and the bank claimed plaintiff’s funds. The two notes were executed for $25,000…