Tivoli Radio & Marine Co. v. Vessel the Ral

BRUCHHAUSEN, District Judge.

The Marine Midland Trust Company of Rockland County, hereinafter referred to as the Bank, moves to excuse its default and permit it to plead to the libel'; to vacate and rescind the default decree and any execution and attachment on the vessel “Ral”, and to vacate and rescind the unconfirmed sale thereof and the bill of sale thereafter made by the Marshal to Fred Valentine, the bidder upon the sale.

On May 5, 1962, Ral Industries Inc., entered into a retail installment contract with Greenwood Chris Craft Sales Corp., for the purchase of the said vessel. This…