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KAZI v. GENERAL ELEC. CAPITAL BUS. ASSET FUNDING CORP. OF CONN.

12274, 652925/12

116 A.D.3d 592 (2014)

984 N.Y.S.2d 344

2014 NY Slip Op 2709

ZUBAIR KAZI, et al., Appellants, v. GENERAL ELECTRIC CAPITAL BUSINESS ASSET FUNDING CORPORATION OF CONNECTICUT et al., Respondents.

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

Decided April 22, 2014.

Defendants obtained judgments against plaintiffs in an aggregate amount of more than $17 million on written loan guaranties made by plaintiffs in favor of defendants. In this action, plaintiffs seek an equitable accounting alleging the judgments have been satisfied and cancellation of the judgments obtained in the prior action.

Plaintiffs, guarantors of the loans made between affiliated entities and defendants, did not...

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