Legal Opinion
Bank of America, N.A. ex rel. Estate of Pethinaidu v. Veluchamy
District Court, N.D. Illinois
Decided August 19, 2015No. Civil Action No. 15 CV 882; Bankruptcy Case No. 11-33413; Adversary Case No. 12-1715PublishedCited by 7 opinions
1Opinion of the Court
OPINION AND ORDER
CHARLES R. NORGLE, United States District Court Judge
After a long period of successfully developing a series of vertically-integrated companies in the direct marketing industry in Illinois and various companies in India, Pethinaidu Veluchamy (“Mr. Velucha-my”) — -aided by his wife, Parameswari (“Mrs. Veluchamy”) and his children Arun and Anu — set his acquisitional sights on a bank. Then his financial troubles began. When state and federal banking regulators investigated the solvency of his bank, Mr. and Mrs. Veluchamy (collectively, “the senior Veluchamys”) personally…
2Cases cited23 opinions
- United States v. James C. DunkelCourt of Appeals for the Seventh Circuit · 1991
- Bonded Financial Services, Inc., Debtor-Appellant v. European American BankCourt of Appeals for the Seventh Circuit · 1988
- Gross v. Town of Cicero, Ill.Court of Appeals for the Seventh Circuit · 2010
- Pirie v. Chicago Title & Trust Co.Supreme Court of the United States · 1901
- Parts and Electric Motors, Inc., an Illinois Corporation v. Sterling Electric, Inc., a Delaware CorporationCourt of Appeals for the Seventh Circuit · 1989
18 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Parameswari Veluchamy v. Bank of America, N.A.Court of Appeals for the Seventh Circuit · 2018
- Reid v. Wolf (In re Wolf)United States Bankruptcy Court, N.D. Illinois · 2018
- Lee v. Walro (In re Lee)District Court, S.D. Indiana · 2017
- Christopher S. HarrisonUnited States Bankruptcy Court, E.D. North Carolina · 2022
- Econocare, Inc. v. SpyropoulosDistrict Court, N.D. Illinois · 2021
2 more not listed; retrieve them via the Exa API.