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

Filing 185

ORDER signed by Senior Judge William B. Shubb on 9/5/2017 GRANTING 183 Receiver's Motion Approving and Settling Receiver's Final Report and Accounting. (Kirksey Smith, K)

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KEVIN SINGER
FEDERAL COURT RECEIVER
RECEIVERSHIP SPECIALISTS
980 9th Street, 16th Floor
Sacramento, CA 95814
TELEPHONE [phone]
FACSIMILE [phone]
E-mail: [e-mail]
Federal Court Receiver
Property: Gas Station
3499 El Camino Avenue
Sacramento, CA
UNITED STATES DISTRICT COURT
EASTERN DISTRICT OF CALIFORNIA

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HSBC BANK USA, National Association, as )
Indenture Trustee for the benefit of the Note )
holders and the Certificate holders of
)
Business Loan Express Business Loan Trust )
2005-A,
)
)
)
Plaintiff,
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vs.
)
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DARA PETROLEUM, INC. dba WATT
)
AVENUE EXXON, a California
)
Corporation; SARBJIT S. KANG, an
)
individual; NARGES EGHTESADI, an
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individual; U.S. SMALL BUSINESS
)
ADMINSTRATION, a United States
)
government agency; and DOES 1 through 20, )
inclusive,
)
;jads;f
)
Defendants. asdfadf
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CASE NO. 2:09-CV-02356- WBS -EFB
ORDER:
RECEIVER’S NOTICE OF MOTION AND
MOTION FOR ORDER:
1) Approving and Settling Receiver’s Final
Report and Accounting;
2) Approving Final Compensation and
Reimbursement of Expenses of Receiver;
3) Exonerating All Bonds;
4) Retaining Jurisdiction regarding this
Receivership
Memorandum of Points and Authorities and
Declaration of Kevin Singer in Support
Thereof

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[PROPOSED] ORDER

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TO:

RESPECTIVE ATTORNEYS OF RECORD:
The Receiver’s RECEIVER’S NOTICE OF MOTION AND MOTION FOR

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THE PLANTIFF, DEFENDANTS, INTERESTED PARTIES AND THEIR

ORDER: 1) Approving and Settling Receiver’s Final Report and Accounting; 2) Approving
Final Compensation and Reimbursement of Expenses of Receiver; 3) Exonerating All Bonds; 4)
Retaining Jurisdiction regarding this Receivership; Memorandum of Points and Authorities and
Declaration of Kevin Singer in Support Thereof came before this Court for hearing on
September 5, 2017 in Dept. 5 of the United States District Court – Eastern District of California.
Appearances were as noted in the record at the time of the hearing. The Court, having reviewed
the motion, reviewed any other pleadings and/or documents submitted in support or opposition
to the motion, heard oral argument at the time of the hearing, and good cause appearing
therefore:
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[PROPOSED] ORDER

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IT IS HEREBY ORDERED AS FOLLOWS:

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1.

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The Court approves and settles Receiver’s Final Accounting and Report as

presented.
2.

The Court approves Receiver’s fees and expenses for services rendered from

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May 2, 2014, through this hearing, with fees in the amount of $153,670.00 and expenses in the

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amount of $7,966.62.

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3.

If supplemental pleadings are later submitted, the Court will consider approving

fees and expenses Receiver submits to the Court in such supplemental pleadings.
4.

The Court orders Receiver to pay himself his total outstanding fees and expenses

in the amount of $5,017.50 from the funds in the Receivership Estate trust accounts.
5.

The Court instructs Receiver to pay the net balance of funds in the Receivership

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Estate trust accounts (after Receiver pays himself his outstanding fees and expenses) in the total

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amount of $11,533.20 to Manpreet Singh and Randip S. Manrao as Trustee of the Manrao

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Family Trust.

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6.

The Court exonerates all bonds posted herein by Receiver and/or the Plaintiff.

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7.

The Court retains jurisdiction over any matters or claims which may later arise

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concerning this Receivership Estate.
8.

The Court discharges Receiver and terminates the Receivership; and

Dated: September 5, 2017

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[PROPOSED] ORDER