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BANK OF COCHIN v. MANUFACTURERS HANOVER TRUST CO.

No. 64, Docket 85-7664.

808 F.2d 209 (1986)

BANK OF COCHIN, LTD., Plaintiff-Appellant, v. MANUFACTURERS HANOVER TRUST COMPANY and St. Lucia Enterprises, Ltd., Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided December 24, 1986.

Attorney(s) appearing for the Case

Jeffry L. Feldman, New York City (Dunn & Zuckerman, P.C., New York City, of counsel), for plaintiff-appellant.

Robert M. Rosenblith, New York City (Eugenia B. DeRosa, New York City, of counsel), for defendant-appellee.

Before LUMBARD, OAKES and MINER, Circuit Judges.

MINER, Circuit Judge:

Bank of Cochin, Ltd. ("Cochin"), the issuer of an international letter of credit, appeals from a summary judgment of the United States District Court for the Southern District of New York (Cannella, J.) entered in favor of Manufacturers Hanover Trust Company ("MHT"), the confirming bank. The district court held that although MHT wrongfully had paid under the terms of the letter of credit, Cochin was precluded from claiming wrongful honor because...

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