Appellate Division, First Department · October 15, 2026 · 2026 NY Slip Op 06033
RBL Bank Limited v Veria Lifestyle Inc., et al.
Read the official decision: 2026 NY Slip Op 06033
Holding The court affirmed the summary judgment in favor of the plaintiff, holding that the foreign bank’s sporadic dealings did not constitute doing business in New York, thus exempting it from registration requirements. Additionally, the defendants waived the Banking Law defense by failing to plead it initially and by not appealing the denial of their motion to amend.
The court’s words
defendants waived the Banking Law defense by failing to plead it initially, then failing to appeal the court's denial
2026 NY Slip Op 06033, at the official text
counterclaims for breach of the Facility Agreement and for breach of the covenant of good faith and fair dealing were properly dismissed
2026 NY Slip Op 06033, at the official text
| Court | Appellate Division, First Department |
|---|---|
| Decided | October 15, 2026 |
| Citation | 2026 NY Slip Op 06033 |
| Area of law | Corporate, Securities and Business · Civil Procedure |
| Week | Week ending October 17, 2026 |
| Official text | Official decision: 2026 NY Slip Op 06033 |
| Publication status | Slip opinions are uncorrected and subject to revision before publication in the Official Reports. |
| Source feed | New York slip opinion page |
| Law Watch record id | 1292 |
Recommended citation
ESQ HQ, New York Law Watch, RBL Bank Limited v Veria Lifestyle Inc., et al., 2026 NY Slip Op 06033 (Appellate Division, First Department, October 15, 2026), https://esqhq.com/decisions/2026-ny-slip-op-06033/
How this record was made
Holding drafted by Law Watch’s in-house model, graded by three reviewers; every quotation verified word for word against the official text.
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