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ARC CAPITAL, LLC v. KALRA

Docket No. 652931/2012, Motion Seq. No. 001.

2013 NY Slip Op 31316(U)

ARC CAPITAL, LLC, in the Right of and for the Benefit of TRIKONA ADVISERS LIMITED, Plaintiff, v. AASHISH KALRA, ASIA PACIFIC INVESTMENTS LTD, SAURABH KILLA, CAMBRIDGE ENERGY RESOURCES, DURANTACO HOLDINGS, LTD., INDIA INFRASTRUCTURE AND URBAN DEVELOPMENT COMPANY, PVT. LTD., and ZUNA ADVISERS, LLC Defendants, and TRIKONA ADVISERS LIMITED, Nominal Defendant.

Supreme Court, New York County.

June 18, 2013.

EILEEN BRANSTEN, Judge.

It is ordered that this motion is decided in accordance with accompanying memorandum decision.

In this shareholder derivative action, Defendants Aashish Kalra ("Kalra"), Saurabh Killa ("Killa"), and Trikona Advisors Limited ("TAL") (collectively "Defendants") move, pursuant to CPLR 3211, to dismiss the complaint on the grounds that Plaintiff ARC Capital, LLC ("ARC Capital"), which is suing derivatively on behalf of TAL, lacks standing...

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