PARIS — Oxford Aviation is denying allegations, made in a lawsuit filed in August, that it defaulted on a loan originally made in 1996. It also argues that Community Concepts Finance Corp. has no claim against the company.
An answer and affirmative defense from the company was filed in 11th District Court on Oct. 11, in response to a civil suit brought against it by Community Concepts Finance Corp.
CCFC is asking the court to allow it to reclaim property Oxford Aviation and President Jim Horowitz of Casco put up as collateral in exchange for a $62,500 loan made by Growth Finance Corp. of Oxford Hills, a forerunner to CCFC.
According to CCFC’s complaint, Oxford Aviation failed to make payments when due under the terms of the original promissory note, which was revised in 2003 and 2004, and the original 1996 security agreement.
In its answer, Oxford Aviation claims no response is required to most of the complaint’s allegations, but to the extent a response is required, it denies it defaulted on the loan.
The company does, however, agree that the property described in the 1996 security agreement, which includes equipment, inventory, accounts, documents and patents is still at its headquarters on Number Six Road in Oxford.
In its answer to the complaint, Oxford Aviation said, “The complaint fails to state a claim upon which relief can be granted,” a standard legal term that means it does not believe CCFC has sufficient evidence to press the case.
According to the District Court Clerk’s office, a deadline for discovery in the case has been set for Jan. 24, 2014.
Calls this week to Oxford Aviation’s attorneys, George Marcus and David Johnson, were not returned, nor was a call to David Dubord, who represents CCFC.
pmcguire@sunjournal.com
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