Pursuant to the statute, a court that rendered a judgment or order may relieve a party from it on the grounds of excusable default; newly discovered evidence; fraud, misrepresentation, or other misconduct of an adverse party; lack of jurisdiction to render the judgment or order; or reversal, modification, or vacatur of a prior judgment or order on which it is based. In addition to the grounds set forth in the statute, a court, in the exercise of its discretion, may vacate its own judgment or order for sufficient reason and in the interests of substantial justice.
203-205 W. 8th St., LLC v. 203-205 W. 8th St. Loft, LLC, NY Slip Op 00195 (2d Dep't January 18, 2023)
