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Savva's Rest., Inc., In re--TD Bank, N.A. v. KB Ins. Co.

Savva's Rest., Inc., In re--TD Bank, N.A. v. KB Ins. Co.

Ruling
Bank was entitled to a declaration that it had a right to payment under the policy as the bankheld a separate insurable interest in the debtor's property pursuant to amounts disbursed ondebtor’s behalf. (Bankr. E.D.N.Y.)
Issue(s)
Obtaining Credit; Authorization After Notice and Hearing.

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Commercial opinion summary, case decided on September 21, 2023 , LexisNexis #1123-081