RIC (Lavernia) LLC v. Milestone Capital CRE 1, LLC

CourtUnited States Bankruptcy Court, W.D. Texas
DecidedOctober 10, 2025
Docket24-05043
StatusUnknown

This text of RIC (Lavernia) LLC v. Milestone Capital CRE 1, LLC (RIC (Lavernia) LLC v. Milestone Capital CRE 1, LLC) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, W.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
RIC (Lavernia) LLC v. Milestone Capital CRE 1, LLC, (Tex. 2025).

Opinion

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IT IS HEREBY ADJUDGED and DECREED that the “aie ky . . below described is SO ORDERED. ac &.

Dated: October 09, 2025. Pur MICHAEL M. PARKER UNITED STATES BANKRUPTCY JUDGE

IN THE UNITED STATES BANKRUPTCY COURT FOR THE WESTERN DISTRICT OF TEXAS SAN ANTONIO DIVISION INRE: § § RIC (LAVERNIA) LLC, § CASE No. 24-51195-MMP § § DEBTOR. § CHAPTER 11 oS § RIC (LAVERNIA) LLC, § § PLAINTIFF § § Vv. § ADVERSARY No. 24-05043-MMP § MILESTONE CAPITAL CRE 1, LLC, § § DEFENDANT. §

OPINION I. INTRODUCTION The Court heard Plaintiff RIC (Lavernia) LLC’s Motion for Sanctions (ECF No. 83)1 in which the Debtor, RIC (Lavernia) LLC, seeks a default judgment or lesser sanctions against Defendant Milestone Capital CRE 1, LLC (“Milestone”) because of Milestone’s failure to meaningfully participate in discovery and comply with discovery orders. Milestone doesn’t oppose

an appropriate monetary sanction but opposes the default judgment relief requested. The Court will grant the Motion in part and impose appropriate sanctions on Milestone. II. JURISDICTION The Court has jurisdiction under 28 U.S.C. § 1334 and the Standing Order of Reference of the United States District Court for the Western District of Texas, dated October 4, 2013. This adversary proceeding is a core proceeding under 28 U.S.C. § 157(b)(2)(K). Venue is proper under 28 U.S.C. § 1409. Plaintiff has consented to the entry of final orders and a judgment by this Court in this adversary proceeding. ECF No. 11. Milestone’s Answer contains consent to the Court’s entry of final judgments in paragraph 3. ECF No. 53. III. BACKGROUND This adversary proceeding concerns a title dispute following a foreclose on undeveloped tracts of property in Wilson County, Texas (“Property”).2 The Debtor claims to have acquired

title to the Property as the successful bidder at a nonjudicial foreclosure sale in February 2024 after the Debtor’s affiliate, TIG Romspen US Master Mortgage LP (“TIG Romspen”), foreclosed on a

1 ECF denotes the electronic filing number. 2 The Property includes ten tracts, the first three of which are described in a deed of trust filed in volume 1211, page 431, of the Wilson County Official Public Records. The other six tracts are filed in various volumes of the Plat Records of Wilson County, Texas. 2 lien it had on the Property (“First Foreclosure Sale”).3 Before the sale, an entity named Otisco RDX, LLC (“Otisco”) owned the Property. According to Milestone, when Otisco granted a lien on the Property as additional collateral to TIG Romspen in connection with other real-estate deals between them, Milestone’s lien encumbered Otisco’s Property. Milestone never identified the loan or consideration underlying Otisco’s alleged grant of a purportedly senior lien to Milestone.

Despite the First Foreclosure Sale, Milestone pushed forward with its own foreclosure, based on its alleged senior lien in the Property, and sought appointment of a substitute trustee (John and Lori Daves, previously parties to this adversary proceeding) to auction the Property again (“Second Foreclosure Sale”). At the Second Foreclosure Sale, Milestone was the winning bidder. The Debtor disputed the validity of the Second Foreclosure Sale and questioned whether Milestone had ever funded its purported loan to Otisco, suspecting instead that Otisco and Milestone were both controlled by Mr. Ali M. Choudhri, and the Milestone senior lien/loan transaction with Otisco was concocted by Mr. Choudhri out of whole cloth to thwart the First Foreclosure Sale. Mr. Choudhri controls Otisco, and he owns and controls Milestone—facts that

Milestone hid and failed to disclose to TIG Romspen and the Debtor for many months after initiation of this lawsuit. While Milestone claims to have been acting based on a deed of trust it held against Otisco, the Debtor alleges no such deed of trust exists and Mr. Choudhri used a hollow corporate structure to fraudulently shield the Property from TIG Romspen’s and the Debtor’s collection efforts.

3 After multiple hearing delays, Milestone recently challenged whether it was TIG Romspen or the Debtor who foreclosed by making much of the fact that TIG Romspen assigned its rights in the Property to the Debtor on March 20, 2025, but effective on February 5, 2025 (the date of the foreclosure). Because the Motion seeks to vindicate the Debtor’s discovery and process rights as a plaintiff against a dilatory defendant in this adversary proceeding, this Opinion need not and will not address the effectiveness of the back-dated rights transfer. 3 The Debtor filed a quiet-title suit in Wilson County in April 2024 challenging Milestone’s interest in the Property. The Debtor asked for a declaratory judgment that (1) the Second Foreclosure Sale was defective and void because notice of sale was incorrect, (2) Milestone had no valid lien on the Property because it never funded its loan to Otisco (a debt which, if it existed, the Debtor could have paid to obtain clean title), and (3) Milestone’s failure to produce information

about the alleged loan to the Debtor is grounds for removing Milestone’s lien. After the Debtor filed for bankruptcy in June 2024, it removed the Wilson County lawsuit to this Court. The Court entered a Scheduling Order, which required the parties to serve initial disclosures and responsive pleadings by September 5, 2024. ECF No. 6. Milestone missed the deadline. The Debtor then served requests for production and interrogatories on September 8, 2024 (“Written Discovery Requests”). Milestone failed to respond to the Debtor’s Written Discovery Requests. Over two months later, the Debtor moved for and was granted default judgment against Milestone for its failure to respond, but the parties subsequently agreed to vacate the default judgment and enter an agreed order. ECF Nos. 24, 26, 28, 37. The Court then amended (on the

parties’ agreement) the initial-disclosures deadline to January 17, 2025, and the discovery deadline to March 21, 2025. ECF No. 41. Likewise, the Debtor extended the deadline for responses to its Written Discovery Requests to January 26, 2025. See ECF No. 58 at ¶ 5. Finally, Milestone served its objections and responses on January 26—but it did so only to the Debtor’s requests for production, produced no documents, and wholly failed to respond to the interrogatories. Debtor’s counsel reached out to Milestone’s counsel, Mr. Kell Mercer, about these deficiencies, and Debtor’s counsel testified he told them Milestone failed to provide him sufficient materials to properly respond. Debtor’s counsel also testified that “Mr. Mercer stated that he ‘under[stood] the

4 next steps and consequences.’” Id. at ¶ 13. Mr. Mercer’s email communications support this testimony. See ECF No. 83-1 p. 38. The Debtor then filed a Motion to Compel Discovery Responses (ECF No. 58) against Milestone for the failure to respond to the Written Discovery Requests, a Motion for Contempt and to Compel Subpoena Compliance against Otisco (which, as noted above, is controlled by Mr.

Choudhri) for that entity’s failure to respond to subpoenas (filed in Case No. 4:25-mc-00376 in the Southern District of Texas), and a Second Agreed Motion to Amend Scheduling Order (ECF No. 66), which sought to extend adversary-proceeding deadlines because of the discovery failures. While waiting for a hearing on its Motion to Compel Discovery Responses, the Debtor set back-to-back depositions for the only two individuals whom Milestone identified in its disclosures as having relevant information: Mr. Moe Nasr and Mr. Alfred Kelly Williams.

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