PAN AM. WORLD AIRWAYS, INC. v. CHEM. BANK


78 A.D.2d 844 (1980)

Pan American World Airways, Inc., Appellant, v. Chemical Bank, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

November 25, 1980


Unanimously reversed, on the law, with costs, and the matter remanded for hearing.

A judgment in favor of the petitioner was entered in a very substantial sum against Overseas Raleigh Manufacturing, Ltd. The petitioner then served a restraining notice to garnishee upon the respondent bank. The bank acknowledged that it was holding some $5,000 in an account in the name of the judgment debtor. However, several weeks later it notified the petitioner that a further examination...

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