WELLINGTON, FL (Boca Post) (Copyright © 2026) — JPMorgan Chase Bank, N.A. filed a civil complaint on Jan. 8, 2026 in Palm Beach County Circuit Court against PathAmerica Resource, Inc. and Shalley Pathak, of Wellington, asserting claims for breach of contract and enforcement of a guaranty in connection with a business line of credit.
The case is JPMorgan Chase Bank, N.A. v. PathAmerica Resource, Inc., and Shalley Pathak, Case No. 502026CA000202XXXAMB (Div. AK), in the Circuit Court of the Fifteenth Judicial Circuit, in and for Palm Beach County, Florida. The complaint reflects it was e-filed on Jan. 8, 2026.
According to the filing, Chase alleges it entered into a credit agreement and line of credit note with PathAmerica on or about Oct. 31, 2019, in an original principal amount of $500,000. Chase further alleges that on or about the same date, Pathak executed a continuing guaranty under which Pathak guaranteed repayment obligations tied to the credit agreement.
Chase alleges PathAmerica later defaulted under the contract by failing to make monthly payments when due. The complaint states Chase sent written notice of default and acceleration to PathAmerica by correspondence dated Dec. 12, 2025, and separately sent written notice of default and acceleration to Pathak dated Dec. 12, 2025, addressing the alleged guaranty obligations. The bank alleges the defaults were not timely cured.
In its jurisdictional allegations, Chase states it is a national banking association doing business in Palm Beach County. The complaint alleges PathAmerica is a New Jersey corporation conducting business and maintaining a mailing address in Palm Beach County, and that Pathak is a Palm Beach County resident and the president of PathAmerica. Chase pleads that the court has subject matter jurisdiction because it seeks damages exceeding $50,000, exclusive of interest, costs, and attorneys’ fees, and alleges venue is proper in Palm Beach County.
The complaint provides a stated payoff breakdown as of Jan. 2, 2026. Chase alleges it was owed $430,224.61 in principal, plus $26,242.05 in accrued interest, with a stated per diem interest amount of $138.0303957 thereafter. Chase also alleges late charges of $1,250.00, and seeks recovery of attorneys’ fees (the complaint references fees “of no less than $5,000.00”) and costs, including filing and service expenses.
Chase pleads two counts. Count I (Breach of Contract) is asserted against PathAmerica. Chase alleges it declared the full amount due under the contract and seeks entry of a money judgment for the sums it claims are owed under the credit agreement, including interest, attorneys’ fees, and costs. Count II (Claim on the Guaranty) is asserted against Pathak. Chase alleges that, as a result of PathAmerica’s alleged breach and pursuant to the guaranty, Pathak is liable for the amounts due and owing, and it seeks a money judgment against Pathak as well.
The complaint was signed on Jan. 8, 2026 by attorneys identified as Ryan C. Reinert and Bridget M. Dennis of Shutts & Bowen LLP as counsel for Chase. The filing, as provided, does not list counsel for the defendants.
The original complaint, as filed with the Palm Beach County Clerk of Court, can be viewed here.
Source: Palm Beach County Circuit Court, Case No. 502026CA000202XXXAMB (Div. AK), Complaint filed Jan. 8, 2026.
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