Robinson v. Sharma

CourtColorado Court of Appeals
DecidedNovember 20, 2025
Docket24CA1624
StatusUnpublished

This text of Robinson v. Sharma (Robinson v. Sharma) is published on Counsel Stack Legal Research, covering Colorado Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Robinson v. Sharma, (Colo. Ct. App. 2025).

Opinion

24CA1624 Robinson v Sharma 11-20-2025

COLORADO COURT OF APPEALS

Court of Appeals No. 24CA1624 Pueblo County District Court No. 21CV30017 Honorable Gregory J. Styduhar, Judge

Mickel Robinson,

Plaintiff-Appellant,

v.

Steve Sharma and Pueblo-Tomic-Sharma Family Limited Partnership n/k/a P- T-S Family Limited Partnership, a limited partnership,

Defendants-Appellees.

JUDGMENT AFFIRMED

Division VI Opinion by JUDGE WELLING Sullivan and Bernard*, JJ., concur

NOT PUBLISHED PURSUANT TO C.A.R. 35(e) Announced November 20, 2025

Montgomery Little & Soran, P.C., Nathan G. Osborn, Alyson S. Evett, James Taravella, Greenwood Village, Colorado, for Plaintiff-Appellant

Gordon Rees Scully Mansukhani LLP, John R. Mann, Tamara A. Seelman, Denver, Colorado, for Defendants-Appellees

*Sitting by assignment of the Chief Justice under provisions of Colo. Const. art. VI, § 5(3), and § 24-51-1105, C.R.S. 2025. ¶1 Plaintiff, Mickel Robinson (Ms. Robinson), appeals the trial

court’s judgment in favor of defendants, Steve Sharma

(Mr. Sharma)1 and Pueblo-Tomic-Sharma Family Limited

Partnership a/k/a P-T-S Family Limited Partnership, a limited

partnership (the Partnership). We affirm.

I. Background

¶2 The Partnership is a family business. Mahendra Sharma

(father) and Sylvia Sharma (mother) (collectively, the parents)

established the Partnership pursuant to a partnership agreement

executed on January 11, 1993 (Original Partnership Agreement).

The purpose of the Partnership was the acquisition of an apartment

complex in Pueblo, Colorado, which was the Partnership’s sole

asset. The Original Partnership Agreement established the general

partners as the parents and the limited partners as their six

children, including Ms. Robinson and Mr. Sharma.

1 Because this is an intra-family dispute, there are multiple

participants with the last name Sharma. For clarity, we will refer to defendant Steve Sharma as “Mr. Sharma” and to other members of the family with the last name Sharma either by their full name or, in the case of Mahendra Sharma and Sylvia Sharma, as father and mother, respectively. We mean no disrespect in doing so.

1 ¶3 This case involves disputes between and among the partners

and Partnership concerning the management and winding up of the

Partnership, including the distribution of the Partnership assets,

following the sale of the Partnership’s sole asset in April 2017.

¶4 Several provisions of the Original Partnership Agreement are

central to this dispute. Section 6.3 of the Original Partnership

Agreement outlines the original capital contributions and the

ownership percentages of each family member:

The [g]eneral [p]artners shall jointly contribute $52.00 to the capital of the Partnership. Each of the [l]imited [p]artners, or the [g]eneral [p]artners acting on their behalf, shall contribute $8.00 to the capital of the Partnership. In exchange for such capital contributions, the [g]eneral [p]artners, as husband and wife, shall jointly receive 52 units of interest in the Partnership, and the [l]imited [p]artners shall each receive eight (8) units of interest in the Partnership.

¶5 Section 12.7 of the Original Partnership Agreement, which is

titled “Initiation of Legal Action,” outlines the consequences should

any limited partner initiate legal action against the Partnership or

any of its general partners. Section 12.7 provides as follows:

If any one or more of the [l]imited [p]artners shall initiate any legal action of any kind against the Partnership, either of the [g]eneral

2 [p]artners, or any combination thereof, the [g]eneral [p]artners shall have a right to acquire all units of interest in the Partnership held by any such [l]imited [p]artners, for the consideration specified in subparagraph (v) of Section 12.2 of this Agreement, at any time within four years from and after the commencement of any such action.

¶6 Section 12.2(v), in turn, sets forth the formula for a general

partner’s acquisition of a limited partner’s interest, should the

general partner invoke the buyout provision described in section

12.7:

Such [l]imited [p]artners shall give to the [g]eneral [p]artners a first right of refusal to acquire all such units, for the amount of the capital contribution originally made to the Partnership on behalf of such [l]imited [p]artner, as specified in Section 6.3 of this Agreement, plus interest thereon at the rate of ten percent (10%) per annum from and after January 1, 1993; exercisable at any time within sixty (60) days of provision of all necessary documents to the [g]eneral [p]artners, exercisable jointly on a pro-rata basis or separately by either as to all such Units.

¶7 Read together, the above sections of the Original Partnership

Agreement provide that the general partners shared a 52% interest

in the Partnership while each of the limited partners owned an 8%

interest in the Partnership. Further, sections 12.7 and 12.2(v)

3 provide that if any of the limited partners were to bring a suit

against a general partner or the Partnership, the general partner

has a right to buy out that limited partner’s interests in the

Partnership for the amount of that limited partner’s original capital

contribution, plus interest. With these provisions in mind, we turn

to the events leading up to this litigation.

¶8 In 2011, Ms. Robinson became property manager of the

Partnership’s sole asset — the apartment complex in Pueblo.

Ms. Robinson’s duties included maintaining the books and financial

records and communicating with the Partnership’s accountant

about the Partnership’s tax returns.

¶9 During the early 2010s, the Partnership experienced financial

difficulties, and in May 2014, the Partnership filed for bankruptcy

protection in the United States Bankruptcy Court for the District of

Colorado. In August 2015, Ms. Robinson submitted a “Third

Amended Plan of Reorganization” (the Plan) to the bankruptcy

court. The Plan authorized an investor, RAK Ventures Colorado,

LLC, to purchase 50% of the apartment complex, pay the

Partnership’s outstanding debts, and refurbish and sell the

apartment complex. The bankruptcy court approved the Plan.

4 ¶ 10 On April 6, 2017, Ms. Robinson and her mother entered into

an agreement that authorized Ms. Robinson to handle all aspects of

the apartment complex’s sale, made Mr. Sharma the general

partner upon the close of the sale, and instructed Ms. Robinson to

release all sale profits to Mr. Sharma, as the general partner. On

April 10, 2017, the apartment complex was sold for $3,617,630.46.

¶ 11 Following the sale, Ms. Robinson requested that Mr. Sharma,

as general partner, distribute the sale proceeds according to an

ownership scheme in which she owned a 13% interest in the

Partnership. It was her position that the Partnership automatically

dissolved upon the sale of the Partnership’s sole asset. It was also

Ms. Robinson’s contention that sometime between the formation of

the Partnership in 1993 and the sale of the apartment complex in

2017, an “Amended Partnership Agreement” had been adopted,

5 pursuant to which her interest in the Partnership had increased

from 8% to 13%.2

¶ 12 On April 17, 2018, Ms. Robinson received an early distribution

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