Citibank, N.A. v. Aralpa Holdings Limited Partnership

Background

The provided opinion text is an order that temporarily stays an earlier February 2, 2024 order. According to the filing quoted in the text, the earlier order granted Citibank's request for a writ of execution concerning a condominium at 157 West 57 Street, Unit 36B, New York, New York; directed One57 36B, LLC and Aralpa Miami Investments, LLC to pay Citibank assets in specified bank and brokerage accounts; and directed the parties to meet and confer about discovery.

Request for a Stay

Aralpa Holdings Limited Partnership and Rodrigo Lebois Mateos, together with One57 36B, LLC and Aralpa Miami Investments, LLC, requested a stay of the February 2 order pending appeal. In the alternative, they requested a brief interim stay to allow them to seek a stay from the United States Court of Appeals for the Second Circuit.

The request argued that Citibank would not suffer substantial harm because existing restrictions would preserve the assets. It also argued that the defendants and third parties could suffer irreparable harm without a stay, particularly if the condominium were foreclosed. The filing further asserted that the appeal had a substantial possibility of success and that the public interest favored avoiding potentially difficult property transfers if the earlier order were later reversed.

Court’s Action

Judge Jennifer L. Rochon temporarily stayed the February 2 order. The court directed that a response of no more than three pages be filed by February 16, 2024, at 4:00 p.m., and stated that it would decide afterward whether to continue the stay. The provided text does not state a final ruling on whether the stay would continue.