( 1 ) THE present notice of motion has been taken out for a decree on admission for the sum of US $ 17,919,603. 68 with interest @ 9% p. a. from the date of filing the suit till payment and/or realisation. Some of the material facts of the present case briefly enumerated are as under :

( 2 ) THE plaintiffs have filed a suit for the recovery of aforesaid amount based on foreign Judgment and decree dt. 18-9-02 passed by the United States District Court, Southern district of New York in case No. 02 CV 4007 (LLS ). The plaintiffs are a bank and are interalia constituted and having their operations in New York, U. S. A. The defendant no. l is a company which is incorporated in India and carrying on business at Bombay. Defendant no. 2 is a Chairman of defendant no. 1. There is a company known as Silver Line Technologies, inc, a company incorporated and constituted under the laws of Delaware, U. S. A. The said company Silver Line Technologies Inc was indebted to the plaintiffs for a large amount of money and defendant no. l and 2 herein were the personal guarantors in respect of the loan lent and advanced by the plaintiff bank to the said Silver Line Technologies, Inc. Plaintiffs initiated

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