The lender asserts that PMHB and the Bhaktas knowingly ignored their obligations, leaving no choice but to seek a receiver to assume control of the company’s assets.
What’s Next?
Neither PMHB nor the Bhaktas have commented on the lawsuit, and their legal representation remains undisclosed. Meanwhile, AFF’s legal team, led by William L. Esser IV and Nicholas H. Lee of Parker Poe Adams & Bernstein LLP, is pressing forward.
With a mounting debt, a half-built hotel, and legal battles on multiple fronts, this case could determine the future of a multimillion-dollar development—and whether lenders can recover their investment before it’s too late.
