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J & B INVESTMENTS, LLC v. SURTI

No. M2006-00923-COA-R3-CV.

258 S.W.3d 127 (2007)

J & B INVESTMENTS, LLC v. Tarun N. SURTI, et al.

Court of Appeals of Tennessee, Middle Section, at Nashville.

December 27, 2007.

Rehearing Denied February 4, 2008.

Permission to Appeal Denied by Supreme Court May 27, 2008.

Published Pursuant to Tenn. R. S. Ct. 4(D).

Attorney(s) appearing for the Case

Donald N. Capparella and Mathew R. Zenner, Nashville, Tennessee, for Appellant.

Sam J. McAllester, III, and William J. Haynes, III, Nashville, Tennessee, for the Appellee.

OPINION

FRANK G. CLEMENT, JR., J., delivered the opinion of the court, in which WILLIAM C. KOCH, JR., P.J., M.S., and PATRICIA J. COTTRELL, J., joined.

Three guarantors of a promissory note appeal the Chancery Court's decision to hold them liable for the deficiency owing on the note, including interest at the default rate of 24%, following the discharge in bankruptcy of the original debtor. After the debtor defaulted on the $1,500,000 promissory note, the...

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