Legal Opinion
Bank of India v. Weg & Myers
Appellate Division of the Supreme Court of the State of New York
Decided June 8, 1999PublishedCited by 1 opinion
1Opinion of the Court
OPINION OF THE COURT
Tom, J.
This is an action by a lending institution to recover insurance proceeds, covering the loss of the secured property, from the debtor’s law firm, which, in custody of the insurance check, and under protest by the lender, released the funds, not to the lender, but to the defaulting debtor, after the law firm also deducted its legal fees therefrom.
In 1984, plaintiff Bank of India advanced funds to Pali Fashions, Inc. Pali’s principals were Satinder Pal Anand and his wife Sabita Anand, each 50% shareholders, each an officer and each, according to a 1983 Certification of…
2Cases cited9 opinions
- Swersky v. Dreyer & TraubAppellate Division of the Supreme Court of the State of New York · 1996
- Bankers Trust Co. v. CerratoAppellate Division of the Supreme Court of the State of New York · 1992
- In Re Anjopa Paper & Board Manufacturing Co.District Court, S.D. New York · 1967
- Badillo v. Tower InsuranceNew York Court of Appeals · 1999
- Rosario-Paolo, Inc. v. C & M Pizza Restaurant, Inc.New York Court of Appeals · 1994
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3Cited by1 opinion
- Consumer Fin. Prot. Bureau v. RD Legal Funding, LLCDistrict Court, S.D. Illinois · 2018