Sharma and others v. Chemical Bank - U.S. District Ct. (S.D.N.Y.) (Stanton D.J.) - 10 October 1989

Agreement with mortgageee bank - Vessels not to be chartered without bank’s consent - Whether implied term that consent not to be unreasonably withheld

The defendant bank was the mortgagee of certain vessels. The plaintiffs owed the bank over $30,000,000, which sum had been personally guaranteed by Mr. Sharma.