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REGENT CORPORATION U.S.A. v. AZMAT BANGLADESH LTD.

259 A.D.2d 255 (1999)

686 N.Y.S.2d 23

REGENT CORPORATION U.S.A., Plaintiff, v. AZMAT BANGLADESH LTD., Defendant, CITIBANK, N. A., et al., Respondents, and INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED, Appellant.

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

Decided March 2, 1999.

This Court has determined that the drafts in question are negotiable instruments, and that a question of fact remains regarding whether IFICB is a holder in due course (Regent Corp. v Azmat Bangladesh, 253 A.D.2d 134 [decided herewith]). Therefore, it is error to grant summary judgment to defendant banks prior to resolution of IFICB's holder in due...

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