Court Denies Request to Dissolve LLC Because It Remained Able to Conduct the Business for Which it was Formed

On April 25, 2022, Justice Borrok of the New York County Commercial Division issued a decision in Haaris v. Hameedi, 2022 NY Slip Op. 31339(U), denying a request to dissolve an LLOC because the LLC remained able to conduct the business for which it was formed, explaining:

Additionally, Arif Hameedi’s claim seeking dissolution of Unipike and the appointment of a receiver must be dismissed because, even accepting Arif Hameedi’s allegations as true, there is no indication that the alleged purpose of Unipike purchasing and collecting rent from the Property to be paid to the members cannot be achieved, nor that continuing Unipike is financially unfeasable. Regardless of whether Dr. Hameedi actually pays rent for his personal use of commercial space at the medical complex, Arif Hameedi admits that there are other tenants and rental income at the Property (e.g., Verizon and Dr. Hameedi’ s wife), that could be paid to the members of Uni pike. Because Arif Hameedi has failed to state a claim for dissolution of
Unipike, his request for the appointment of a receiver is dismissed as moot.

(Internal citations omitted).

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