Orion HealthCorp, Inc. v. Parmar

CourtUnited States Bankruptcy Court, E.D. New York
DecidedMarch 31, 2022
Docket8-18-08053
StatusUnknown

This text of Orion HealthCorp, Inc. v. Parmar (Orion HealthCorp, Inc. v. Parmar) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, E.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Orion HealthCorp, Inc. v. Parmar, (N.Y. 2022).

Opinion

IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK

In re: § § Chapter 11 Orion HealthCorp, Inc., et al., § § Case No. 18-71748-67-AST Debtors. § Case No. 18-71789-AST ___________________________________ § Case No. 18-74545-AST § Howard M. Ehrenberg, in his capacity as § Liquidating Trustee of Orion HealthCorp, § Inc., et al., CHT Holdco, LLC, and CC § Capital CHT Holdco LLC, § § Plaintiff, § § v. § Adv. Proc. No. 18-08053-AST § Parmjit Singh Parmar a/k/a Paul Parmar, § et al., § § Defendants. § ___________________________________ §

DECISION AND ORDER DENYING MOTION TO VACATE DEFAULT JUDGMENT

This decision involves a Defendant, Aquila Alpha, LLC (“Aquila”), who, for over two years, intentionally ignored an amended complaint that had been properly served upon it, and took no action until after a default judgment was taken against it. Following entry of the default judgment, Aquila then sprang into action, and, in less than fourteen days, moved to vacate the default judgment. However, Aquila presented unavailing, and at times misleading, arguments in support of its vacatur demand. For the reasons to follow, the request to vacate the default is denied. I. Subject Matter Jurisdiction, Adjudicatory Authority, and Venue Pursuant to the District’s standing order of automatic reference entered pursuant to 28 U.S.C. § 157(a), this Court exercises the subject matter jurisdiction vested in the U.S. District Court for the Eastern District of New York pursuant to 28 U.S.C. § 1334(b). This Court exercises adjudicatory authority to hear and determine on a final basis this core proceeding pursuant to 28 U.S.C. § 157(b)(2)(A, E, & H). Venue properly lies pursuant to 28 U.S.C. § 1409.

This decision includes the Court's findings of fact and conclusions of law made pursuant to Bankruptcy Rule 7052. II. Procedural Background The following procedural facts are either undisputed by the parties or are not the basis of a good faith dispute. On April 4, 2018, Plaintiff Howard M. Ehrenberg, in his capacity as Liquidating Trustee of multiple debtors pursuant to a confirmed plan of reorganization, filed a complaint (the “Original Complaint”) [dkt item 1], thereby commencing this Adversary Proceeding. The Complaint brought multiple claims against various persons and entities, many of whom were allegedly connected to a person known as Parmjit Singh Parmar. Mr. Parmar was a principal in

some or all of the Debtors in the main bankruptcy case from which this Adversary Proceeding arises, and is himself a defendant in this Adversary Proceeding. Aquila was not a named defendant in the Original Complaint. On June 4, 2018, Plaintiff filed an amended complaint (the “First Amended Complaint”) [dkt. item 24], adding Aquila and various other parties as defendants.1 As to Aquila, Plaintiff’s essential allegations were as follows:

1 The Defendants named in the First Amended Complaint include, in addition to Aquila Alpha, LLC: Parmjit Singh Parmar (a/k/a Paul Parmar), Sotirios Zaharis, Ravi Chivukula, Pavan Bakshi, Naya Constellation Health, LLC, Alpha Cepheus, LLC, Constellation Health Investment, LLC, Constellation Health Group, LLC, Constellation Health, LLC, First United Health, LLC, Taira that Mr. Parmar owned certain real property in Colts Neck, New Jersey, on which he built a 39,000 square foot mansion (the “Colts Neck Property”);

that in early 2008, Mr. Parmar granted a mortgage against the Colts Neck Property to Deutsche Bank in the original principal amount of $23,700,000, to secure a promissory note in the same amount (the “Colts Neck Mortgage”);

that none of the Debtors who filed for bankruptcy relief with this Court were obligated on the note to Deutsche Bank or liable under the Colts Neck Mortgage;

that Mr. Parmar desired to purchase the Colts Neck Mortgage from Deutsche Bank;

that Mr. Parmar formed Aquila in 2016 to acquire ownership of the Colts Neck Mortgage;

that Mr. Parmar and co-Defendant Sotiros Zaharis, then the chief financial officer of one of Constellation Healthcare Technology, Inc. (“CHT”), one of the Debtors, acting through another Parmar associate, Tomer Vardi, directed the transfer of $3.8 million from Debtor CHT’s M&T Bank Account to Deutsche Bank in order to fund Aquila’s purchase of the Colts Neck Mortgage;

that Parmar retained possession of the Colts Neck Property and continued to use it as his residence; and

that CHT received no consideration in return for the $3.8 million in funds and no antecedent debt was satisfied as a result of the transfer.

(See First Amended Complaint).

no Kiyomori LLC, Blue Mountain Healthcare, LLC, CC Capital CHT Holdco LLC, CHT Holdco LLC, PBPP Partners LLC, Axis Medical Services, LLC, Vega Advanced Care LLC, Pulsar Advance Care LLC, Lexington Landmark Services LLC, MYMSMD LLC, PPSR Partners, LLC, AAKB Investments Limited, Destra Targeted Income Unit Investment Trust, on behalf of unitholders, a Delaware Statutory Trust, United States of America, 2 River Terrace Apartment 12J, LLC, Dioskouroi Kastor Polydeuces, LLC, 21B One River Park LLC, Aquila Alshain LLC, Ranga Bhoomi LLC, Harmohan Parmar (a/k/a Harry Parmar), Kiran Sharma, The Red Fronted Macaw Trust, Young Conaway Stargatt & Taylor, LLP (in its capacity as Escrow Agent), Blue Cross Blue Shield of South Carolina, Honorable Trinidad Navarro, Insurance Commissioner of the State of Delaware, in his capacity as Receiver, and John Does 1 through 100 inclusive. Plaintiff sought recovery of the Colts Neck Mortgage as an actual and constructively fraudulent transfer to Aquila under 11 U.S.C.2 §§ 544, 548(a)(1)(A), (a)(1)(B) and 550, and Delaware Code §§ 1304(a)(1), (a)(2) and 1305(a), and for the turnover of the Colts Neck Mortgage pursuant to Bankruptcy Code § 542.

On June 6, 2018, Eqip Bankruptcy Services, Inc. (“Eqip”), a servicing agent acting on behalf of Plaintiff, filed an Affidavit of Service (“Affidavit of Service for First Amended Complaint”) [dkt item 35], attesting that Eqip caused service of the First Amended Complaint and the associated Summons upon Aquila, via delivery by U.S. mail, at the following addresses: Aquila Alpha LLC c/o National Registered Agents LLC 160 Greentree Drive Suite 101 Dover DE 19904

(the “Dover Address”), and

Aquila Alpha LLC 3400 Route 35 South Suite 9 Hazlet NJ 07730

(the “Hazlet Address”).

(Affidavit of Service for First Amended Complaint at 5.) Aquila did not file an answer or otherwise respond to the First Amended Complaint between June 2018 and October 28, 2021. On July 3, 2018, the Court entered an Order of Attachment (the “Attachment Order”) [dkt item 47], pursuant to Articles 62 and 63 of the New York Civil Practice Law and Rules and FRCP Rule 64, in favor of Debtors and against, among others, Aquila, expressly attaching the Colts Neck Property Mortgage. Pursuant to the Attachment Order, this Court directed that, for

2 Tile 11 of the United States Code is the Bankruptcy Code, and hereinafter, citations to a statutory section in title 11 shall be made to Bankruptcy Code.

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