Federal Deposit Insurance Corporation v. Hyde Park Apartments, Plaintiff-Intervenor v. Ranbir S. Sahni

81 F.3d 167 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff, v. HYDE PARK APARTMENTS, Plaintiff-intervenor Appellant, v. Ranbir S. SAHNI, Defendant-Appellee. No. 94-56673. United States Court of Appeals, Ninth Circuit. Argued and Submitted Feb. 5, 1996. Decided March 27, 1996. Before: WALLACE, FERGUSON, and T.G. NELSON, Circuit Judges. 1 MEMORANDUM * 2 The Hyde Park Apartments, a California limited partnership which operates a HUD housing development called the Hyde Park Apartments, appeals the district court's order denying its motion to intervene in litigation between the FDIC and Ranbir S. Sahni. In FDIC v. Sahni, the FDIC, in its capacity as receiver, filed suit against Sahni to enforce the collection of a $1.2 million debt Sahni owed to Metro North State Bank, a failed bank. As collateral for this loan, Sahni had pledged his interest as sole general partner in ten limited partnerships, including the Hyde Park limited…