Shanghai Commercial Bank Ltd. v. Chen Found., Inc.

2025 NY Slip Op 31521(U)
CourtNew York Supreme Court, New York County
DecidedApril 26, 2025
DocketIndex No. 850013/2024
StatusUnpublished

This text of 2025 NY Slip Op 31521(U) (Shanghai Commercial Bank Ltd. v. Chen Found., Inc.) is published on Counsel Stack Legal Research, covering New York Supreme Court, New York County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Shanghai Commercial Bank Ltd. v. Chen Found., Inc., 2025 NY Slip Op 31521(U) (N.Y. Super. Ct. 2025).

Opinion

Shanghai Commercial Bank Ltd. v Chen Found., Inc. 2025 NY Slip Op 31521(U) April 26, 2025 Supreme Court, New York County Docket Number: Index No. 850013/2024 Judge: Andrea Masley Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. FILED: NEW YORK COUNTY CLERK 04/28/2025 11:31 AM INDEX NO. 850013/2024 NYSCEF DOC. NO. 277 RECEIVED NYSCEF: 04/26/2025

SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK: COMMERCIAL DIVISION PART 48 -----------------------------------------------------------------------------------X SHANGHAI COMMERCIAL BANK LTD., NEW YORK INDEX NO. 850013/2024 BRANCH, and THE SHANGHAI COMMERCIAL AND SAVINGS, BANK LTD, MOTION DATE -- Plaintiffs, MOTION SEQ. NO. 003 -v- CHEN FOUNDATION, INC., TLT & J ENTERPRISES, DECISION + ORDER ON LLC, NEW WORLD ART CENTER, INC., TSING FANG MOTION CHEN, LUCIA CHEN, TED CHEN, JULIE CHEN, A&H INSTALLATION INC., NEW YORK CITY DEPARTMENT OF FINANCE, NEW YORK STATE DEPARTMENT OF TAXATION AND FINANCE, and JOHN DOE,

Defendants. -----------------------------------------------------------------------------------X

HON. ANDREA MASLEY:

The following e-filed documents, listed by NYSCEF document number (Motion 003) 139, 140, 141, 142, 143, 144, 145, 146, 147, 148, 149, 150, 151, 152, 153, 154, 155, 156, 157, 158, 159, 160, 161, 162, 163, 164, 165, 166, 167, 168, 169, 170, 171, 172, 173, 174, 175, 176, 177, 178, 179, 180, 181, 182, 183, 184, 185, 186, 187, 188, 189, 190, 191, 192, 193, 194, 195, 196, 197, 198, 199, 200, 201, 202, 203, 204, 205, 206, 207, 208, 209, 210, 211, 212, 213, 214, 215, 216, 217, 218, 219, 220, 221, 222, 223, 224, 225, 226, 228, 230, 231, 232, 233, 234, 235, 236, 237, 238, 239, 240, 241, 242, 243 were read on this motion to/for JUDGMENT - SUMMARY .

In motion sequence number 003, plaintiffs Shanghai Commercial Bank Ltd., New

York Branch, and The Shanghai Commercial and Savings Bank, Ltd. (together, Banks)

move (i) pursuant to CPLR 3212, for summary judgment of foreclosure of the

mortgaged property, 250 Lafayette Street, New York County, New York (designated as

block 496, lot 27), (ii) pursuant to CPLR 3212, for summary judgment against

defendants TLT & J Enterprises, LLC (TLT & J), New World Art Center, Inc., Tsing Fang

Chen, Lucia Chen, Ted Chen, and Julie Chen (collectively, Guarantors) pursuant to the

guaranties identified in the complaint (with respect to liability only, with damages as

deficiency judgments, if any), (iii) pursuant to CPLR 3218, to strike the answer of the 850013/2024 SHANGHAI COMMERCIAL BANK LTD., NEW YORK BRANCH ET AL vs. CHEN Page 1 of 6 FOUNDATION, INC. ET AL Motion No. 003

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Chen Foundation and Guarantors (NYSCEF Doc. No. [NYSCEF] 95), or, in the

alternative, to deem the allegations identified in the accompanying memorandum of law

as admitted, (iv) pursuant to CPLR 3215, for default judgment against defendants A&H

Installation, Inc. (A&H), the New York City Department of Finance (Department of

Finance), and the New York Department of Taxation and Finance (Department of

Taxation and Finance) which have not appeared in this action, and (v) pursuant to

CPLR 3217, to dismiss the John Doe defendants from the action and to amend the

caption accordingly.

The Chen Foundation, TLT & J, Tsing Fang Chen, Lucia Chen, Ted Chen, and

Julie Chen cross-move pursuant to CPLR 602 (a) to consolidate this action with

Shanghai Commercial Bank Ltd. v New Tent LLC, Index No. 850240/2024 (Masley, J.)

and New Tent LLC v Shanghai Commercial Bank Ltd., Index No Forthcoming.

The Banks allege four claims: (1) mortgage foreclosure against the Chen

Foundation; (2) foreclosure of personal property against the Chen Foundation; (3)

breach of guaranty/deficiency judgment against the Chen Foundation and the

Guarantors; and (4) breach of the Forbearance Agreement against the Chen

Foundation and the Guarantors. (NYSCEF 2, Complaint ¶¶ 40-101.) As previously

stated, the Banks seek summary judgment of foreclosure of both real and personal

property (first and second causes of action) and on liability against the Guarantors as to

the guaranties.

850013/2024 SHANGHAI COMMERCIAL BANK LTD., NEW YORK BRANCH ET AL vs. CHEN Page 2 of 6 FOUNDATION, INC. ET AL Motion No. 003

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Discussion

Cross-Motion

For the reasons stated on the record on March 21, 2025, the cross-motion is

denied. Additionally, the parties are reminded that “[c]ross-motions to motions for

summary judgment are not permitted;” motions for summary judgment are to be made

by the deadline and the time cannot be extended by filing a cross motion after seeing

the adversary’s motion. (Part 48 Procedures ¶ 10[A].)

Items (i), (ii), and (iii)

For the reasons stated on the record on March 21, 2025, the motion is granted

as to item (i) and as to item (ii) on liability only. The damages, if any, due from the

Guarantors shall be determined after the foreclosure sale. In light of the court’s

decision, relief sought in item (iii) is moot.

Item (iv)

The Banks seek default judgment against A&H, Department of Finance, and

Department of Taxation and Finance for failure to answer the complaint. The Banks

named A&H as a defendant because it “docketed a mechanic’s lien in the sum of

$400,000” (NYSCEF 2, Complaint ¶ 16) and the Departments are named because “of

any claim, title, or lien [the Departments] may have or come to have against the

Properties.” (Id. ¶¶ 18, 20.) The Banks, however, allege no causes of action against

these defendants and seek no relief from them in the complaint. Thus, the motion for

default judgment against A&H, Department of Finance, and Department of Taxation and

Finance is denied. (See Medina v Sheng Hui Realty LLC, 2018 NY Misc LEXIS 1789,

*6-7, 2018 WL 2136441, *6-7 [Sup Ct, NY County 2018] [“On a motion for a default

850013/2024 SHANGHAI COMMERCIAL BANK LTD., NEW YORK BRANCH ET AL vs. CHEN Page 3 of 6 FOUNDATION, INC. ET AL Motion No. 003

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judgment under CPLR 3215 based upon a failure to answer the complaint, a plaintiff

demonstrates entitlement to a default judgment against a defendant by submitting: (1)

proof of service of the summons and complaint; (2) proof of the facts constituting its

claim; and (3) proof of the defendant’s default in answering or appearing” (citations

omitted)]; Bd. of Mgrs. of 255 Hudson Condominium v Esen, 2018 NY Misc LEXIS

11105, *3 n 3 [Sup Ct, NY County] [“Although plaintiff alleges that defendants New York

City Department of Finance, New York City Water Board, and John Does 1-10 may

have liens on plaintiff’s recovery, no default can be taken against these entities since no

claims were asserted against them in the complaint”].)

Item (v)

The Banks allege that defendants “John Doe No. 1 to John Doe No. 100” are

“fictitious and unknown to [the Banks] and are named herein to designate any and all

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Related

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Bluebook (online)
2025 NY Slip Op 31521(U), Counsel Stack Legal Research, https://law.counselstack.com/opinion/shanghai-commercial-bank-ltd-v-chen-found-inc-nysupctnewyork-2025.