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BANK OF INDIA v. MELWANI

205 A.D.2d 400 (1994)

613 N.Y.S.2d 390

Bank of India, Respondent, v. Jaya C. Melwani, Appellant, et al., Defendants

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

June 21, 1994

The guarantee appellant executed applies both to contemporaneous loans and to future loans, is unconditional, and covers all obligations "now or hereafter existing". Appellant has not made a detailed "evidentiary showing" that the principal obligation had been completely satisfied (cf., Banque Indosuez v Pandeff, 193 A.D.2d 265, 272). Similarly, she has not set forth sufficient evidence...

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