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BOLAND v. INDAH KIAT FINANCE (IV) MAURITIUS LIMITED

298 A.D.2d 288 (2002)

748 N.Y.S.2d 744

DAVID J. BOLAND, Respondent, v. INDAH KIAT FINANCE (IV) MAURITIUS LIMITED et al., Appellants.

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

Decided October 24, 2002.

This is an action to recover the accelerated balance on a $110 million note issued by defendant Indah Kiat Finance (IV) Mauritius Limited in favor of plaintiff's predecessor, Beloit Corporation, and guaranteed by defendants Asia Pulp & Paper Co. Ltd. and Indah Kiat Pulp & Paper Corp. TBK. The subject note was issued pursuant to an indenture entered into between defendants and the Bank of New York as indenture trustee. In...

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