MERIDIEN BIAO BANK G.m.b.H. v. BANK OF NEW YORK
[1997] 1 Lloyd's Rep. 437
COURT OF APPEAL
Before Sir Thomas Bingham, M.R., Lord Justice Millett and Lord Justice Pill
Banking - Stay of action - Lis alibi pendens - Application to set aside default judgment - Plaintiff’s accounts with defendant payable on demand - Defendant refused to pay - Whether defendant entitled to interpleader relief - Whether defendant could resist payment on ground of set-off.