BLX Capital, LLC v. Dara Petroleum, Inc. et al

Filing 120

ORDER signed by Senior Judge William B. Shubb on 5/2/14 REJECTING stipulation to continue hearing on plaintiff's application for order appointing receiver. (Manzer, C)

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UNITED STATES DISTRICT COURT

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EASTERN DISTRICT OF CALIFORNIA

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HSBC BANK USA, National Association, as
Indenture Trustee for the benefit of the
Noteholders and the Certificateholders of
Business Loan Express Business Loan Trust
2005-A,

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Plaintiff,

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Case No. 2:09-CV-02356-WBS-EFB
ORDER REJECTING STIPULATION
TO CONTINUE HEARING ON
PLAINTIFF’S APPLICATION FOR (1)
ORDER APPOINTING A RECEIVER
AND (2) PRELIMINARY INJUNCTION
IN AID OF RECEIVER

v.
DARA PETROLEUM, INC. dba WATT
AVENUE EXXON, a California corporation;
SARBJIT S. KANG, an individual; NARGES
EGHTESADI, an individual; U.S. SMALL
BUSINESS ADMINISTRATION, a United
States government agency; and DOES 1
through 20, inclusive,
Defendants.

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The stipulation by and between HSBC Bank USA, National Association, as Indenture
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Trustee for the benefit of the Noteholders and the Certificateholders of Business Loan Express
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Business Loan Trust 2005-A (“Plaintiff”) and Dara Petroleum Inc. dba Watt Avenue Exxon
(“Dara”), Sarbjit S. Kang (“Kang”) and Narges Eghtesadi (“Eghtesadi”) (collectively, the “Dara
Defendants”) to continue the hearing on that certain Application for (1) Order Appointing a
Receiver and (2) Preliminary Injunction in Aid of Receiver (the “Application”) currently set for

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May 5, 2014, to June 2, 2014, at 2:00 p.m., is REJECTED. In a separate order, the court has
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SNELL & WILMER
—————— L.L.P. ——————
ORANGE COUNTY

C:\Users\merklew\Desktop\HSBC_Watt Avenue Exxon Order Approving Stipulation to Continue Hearing on Motion
to Appoint Receiver (Second)_19257383_1 (3).docx

ORDER APPROVING STIPULATION
TO CONTINUE HEARING

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entered an order granting the motion for appointment of a post-judgment receiver and for a

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preliminary injunction in aid of receivership, and has appointed Kevin Singer of Receivership

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Specialists as receiver.

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Dated: May 2, 2014

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SNELL & WILMER
ATTORNEYS AT LAW
ORANGE COUNTY

C:\Users\merklew\Desktop\HSBC_Watt Avenue Exxon Order Approving Stipulation to Continue Hearing on Motion
to Appoint Receiver (Second)_19257383_1 (3).docx

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ORDER APPROVING STIPULATION
TO CONTINUE HEARING