Hamid Pouya, Appellant v. Zapa Interests, Inc.; Samuel f/k/a Saeed Afsahi; Kaveh Sardashti; and Parviz Zavareh, Appellees

David Matthew Collins

Case Conclusion Date:August 31, 2007

Practice Area:Litigation

Outcome:Receivership was not terminated

Description:Appeal to terminate Receivership On May 7, 2006, the 335th District Court, in Bastrop County, Texas, granted Appellant Hamid Pouya's Motion to Appoint a Rehabilitating Receivership for Appellee Zapa Interests, Inc. See Tex. Bus. Corp. Act Ann. art. 7.05(A) (West 2003). Eight months later, on January 10, 2007, the same court denied Pouya's Motion to Terminate the Receivership. See id. art. 7.05(B). Pouya appealed the Order, arguing that the District Court erred in refusing to terminate the Receivership. The Appeals Court affirmed the District Court's Order. Receivership was eventually terminated, Order signed December 16, 2009 (Receivership terminated by law May 7, 2009)