Legal Opinion

Bombay Industries, Inc. v. Bank of New York

Appellate Division of the Supreme Court of the State of New York

Decided November 12, 1996Published

1Opinion of the Court

—Order, Supreme Court, New York County (Ira Gammerman, J.), entered August 14, 1995, which, inter alia, granted plaintiff’s motion for summary judgment, reversed, on the law, without costs, and the motion is denied.

The bank’s receipt of Collection Clothing Corporation’s approval to waive certain discrepancies in the draw documents did not necessarily alter its separate right to require strict compliance with the letter of credit in this suit for wrongful dishonor (Western Intl. Forest Prods, v Shinhan Bank, 860 F Supp 151, 155; cf., Bank of Seoul v Norwest Bank Minn., 218 *147AD2d 542). Summary…

2Cases cited3 opinions

  1. Western International Forest Products, Inc. v. Shinhan BankDistrict Court, S.D. New York · 1994
  2. Hellenic Republic v. Standard Chartered BankAppellate Division of the Supreme Court of the State of New York · 1995
  3. Bank of Seoul v. Norwest Bank MinnesotaAppellate Division of the Supreme Court of the State of New York · 1995

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