TKATCHEV v. SHTAYNER

2018-11081. Index No. 519284/16.

187 A.D.3d 1233 (2020)

131 N.Y.S.3d 221

2020 NY Slip Op 06164

Aleksandr Tkatchev, Appellant-Respondent, v. Semyon Shtayner, Respondent-Appellant.

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

Decided October 28, 2020.


Ordered that the order is affirmed, without costs or disbursements.

On October 17, 2001, the defendant allegedly executed a promissory note in favor of the plaintiff, in the principal sum of $1 million. The note required the defendant to make monthly interest payments for five years, with a "balloon payment" in the full principal amount of the note due on November 1, 2006. On the same day, the parties executed a security agreement whereby the defendant granted the...

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