Republic National Bank v. Olshin Woolen Co.

Order, Supreme Court, New York County (Barbara Kapnick, J.), entered May 9, 2002, which granted defendants’ motion for an order, inter alia, staying and restraining plaintiff from declaring a default, and further declaring that defendants have satisfied their contractual obligations, on the condition defendants remit to plaintiff $10,000 in addition to the monies owed, unanimously reversed, on the law and the facts, without costs, the order vacated in its entirety, and the motion denied.

It is well settled that a court may not, under the guise of interpretation, fashion a new contract for the…