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GENERAL ELEC. CAPITAL CORP. v. EVA ARMADORA S.A.

No. 88 CIV. 6013 (CBM).

821 F.Supp. 1530 (1993)

GENERAL ELECTRIC CAPITAL CORPORATION as successor in interest of General Electric Credit Corporation, Plaintiff, v. EVA ARMADORA S.A., Christina Armadora, S.A., Defendants.

United States District Court, S.D. New York.

May 20, 1993.

Attorney(s) appearing for the Case

Haight, Gardner, Poor & Havens by Mark C. Flavin, Alan Heblack, Andrea Fischer, New York City, for plaintiff.

Cardillo & Corbett by James P. Rau, and Lord Day & Lord, Barrett Smith by Gerald A. Novack, New York City, for defendants.

OPINION

MOTLEY, District Judge.

I. INTRODUCTION

This case involves a contract dispute. Defendants borrowed money from plaintiff to pay the debt on two ships that defendants owned. The parties are litigating the terms of the repayment of the loan.

In this action, plaintiff General Electric Capital Corporation ("GECC") is seeking from defendants, Eva Armadora S.A. and Christina Armadora S.A. ("Armadora"), approximately $2,400,000 which it...

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