UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF PENNSYLVANIA

AMERICAN EQUIPMENT LEASING : 

a division of EAB LEASING CORP., : 

 Plaintiff : 

 : 

vs. : Civil Action 

 : 

SALEEM SIDDIQI aka SALEEM R. SIDDLEL, indiv., : 

RAMALINGA PRASAD ADUSUMALLI aka : 

RAMALINA P. ADUSOMACCI, individually : 

PRASAD NANNAPANENI, individually, and : 

SRINIVAS NANNAPANENI aka : No. 02-cv-2758 

SRINIVAS RAO NANNAPANENI aka : 

SRINIVAS NANNAPANEN, individually, : 

 Defendants :

MOTION OF PLAINTIFF TO REOPEN CASE FOR THE ENTRY OF FINAL JUDGMENT

 Plaintiff, by its undersigned counsel, hereby files this motion to reopen this matter 

pursuant to the Court’s Order of January 14, 2003 and the Stipulation filed on December 9, 

2002 for the purpose of entering judgment against the defendants, Prasad Nannapaneni 

and Srinivas Nannapaneni (the “Nannapanenis”), and in support thereof, avers the 

following: 

 1. On or about November 4, 2002, the Nannapanenis and Saleem Siddiqi (the 

“Stipulating Defendants”) signed a Stipulation which served as a resolution of the issues 

contained in the complaint. 

 2. On or about January 14, 2003, the Court entered an Order dismissing this case with 

prejudice subject to plaintiff’s right to reopen the case for the purpose of entering judgment 

against the Stipulating defendants pursuant to the terms of the Stipulation. A true and 

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 1 of 7
correct copy of the Stipulation and Order are attached hereto and made a part hereof as 

Exhibit A. 

 3. The Stipulating Defendants defaulted under the terms of the Stipulation in that the 

total Obligation was not paid by January 31, 2003 and thereafter, the Stipulating Defendants 

failed to make the first payment of $1,000.00 January 31, 2003 or any payment 

subsequently due thereunder as provided under paragraph 1 of the Stipulation. 

 4. Defendant, Saleem Siddiqi filed a Voluntary Petition under Chapter 7 of the United 

States Bankruptcy Code on May 3, 2003, and plaintiff is subject to the automatic stay 

provisions of the United States Bankruptcy Code. 

 5. The Nannapanenis were provided with written notice of default and given ten (10) 

days to cure the default, as required by paragraph 7 of the Stipulation. 

 6. The Nannapanenis failed to cure the default. 

 7. The balance due under the Stipulation at this time is $35,276.96. 

 WHEREFORE, plaintiff demands that this matter be reopened and that judgment be 

entered in favor of the plaintiff and against the defendants, Prasad Nannapaneni AND

Srinivas Nannapaneni, individually, jointly and severally, in the amount of $35,276.96, 

together with interest from the date of judgment and costs of suit. 

BARBARA LANZA FARLEY, 

A PROFESSIONAL CORPORATION 

 BY: 

 Barbara L. Farley, Esquire 

 Attorney for the plaintiff 

 Attorney I.D. No. 18845 

 325 Chestnut Street, Suite 915 

 Philadelphia, Pennsylvania 19106 

 (215) 923-9696 

 (215) 923-1454 (fax) 

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 2 of 7
UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF PENNSYLVANIA

AMERICAN EQUIPMENT LEASINGCIVIL ACTION NO. 02-CV-2758

a division of EAB LEASING CORP.,

Plaintiff

vs.

SALEEM SIDDIQI aka SALEEM R. SIDDLEL, individually,

RAMALINGA PRASAD ADUSUMALLI aka

RAMALINA P. ADUSOMACCI, individually

PRASAD NANNAPANENI, individually, and

SRINIVAS NANNAPANENI aka

SRINIVAS RAO NANNAPANENI aka

SRINIVAS NANNAPANEN, individually,

Defendants

STIPULATION

Plaintiff, American Equipment Leasing, a division of LAB Leasing Corp., by and through its counsel Brian C. Engelhardt,

Esquire, and Defendants, Saleem Siddiqi aka Saleem R. Siddlel, Prasad Nannapaneni, and Srinivas Nannapaneni aka

Srinivas Rao Nannapaneni aka Srinivas Nannapanen (collectively, "Stipulating Defendants") hereby stipulate as follows:

1. The action was initiated with respect to the guarantees of Defendants under the terms of agreements of

Guaranty (collectively, the "Guarantees") of the obligations of G-Zone Enterprises, LLC ("Lessee") to Plaintiff with

respect to a Lease Agreement, all as is more particularly set forth in Plaintiffs Complaint.

2. Judgment by default has been previously entered against Ramalinga Prasad Adusumalli aka Ramalina P.

Adusomacci, which judgment shall not be affected by the entry and approval of this Stipulation.

3. The parties have agreed to resolve Plaintiff's claims against Stipulating Defendants, through Stipulating

Defendants acknowledging their liability to Plaintiff under the terms of the Guarantees and their agreement to pay the

"Obligation Amount", being the sum of $148,157.71 which is comprised of the following amounts:

3143,957.11

Fourteen (14) monthly payments $9,793.00 each, plus $489.65 sales/rental tax,

(totalling $10,282.65); plus

$ 3,000.00 Reimbursement of Legal Fees Incurred by Plaintiff paid to Timothy Baxter, Esq.

$ 1,200.00 Late Charges;

S148,157.71 Total "Obligation Amount"

4. I he parties acknowledge that the assets of lessee are subject of a motion to sell in the United States

ptcy Court for the Eastern District of Michigan, to No. 02-42243, being Lessee's proceeding under Chapter I t of

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 3 of 7
the Bankrupty Code, with the final closing date on said sale being defined herein as the "G Zone Closing Date". Plaintiff

agrees that upon payment in full of the Obligation Amount and all interest due in accordance with ,he terms herewith,

Plaintiff will release its interest in the equipment subject of the lease between Plaintiff and Lessee.

5. The Stipulating Defendants agree to cooperate in Plaintiff obtaining the proceeds of a Certificate of Deposit

(the "CD") pledged by Lessee to Plaintiff as security tot the performance of the obligations under the Lease Agreement,

and to immediately authorize the application of said proceeds to the Obligation Amount. Plaintiff agrees to credit all sums

received as proceeds from the CD against the Obligation Amount.

6. In the event the total Obligation Amount is not paid on or by January 3 Guarantors agree to pay the

amount of the unpaid balance of the Obligation Amount as of January 31, 2003, either by (a) paying said unpaid balance

on that date, or (h) paying the unpaid balance of the Obligation Amount, plus interest at a rate of seven (7%) per cent per

annum, accruing from January 31, 2003, in twelve monthly payments, payable as follows:

(I) eleven (11 )monthly installments of One Thousand Dollars ($1,000) each, followed by

(II) one final monthly installment of accrued interest and remaining principal.

with the first such payment to be due January 31, 2003, and each succeeding monthly payment due the same day of each

month thereafter. Payments shall be applied first to accrued interest, then to unpaid principal. In any event, all principal

and interest shall be due upon the occurrence of the G Zone Closing Date. In the event of Guarantor's failure to make a

payment when due, all remaining payments shall fall due, less unmatured interest.

7. The parties agree that the approval of this Stipulation shall act as a termination of this matter with prejudice,

provided, however, that in the event of a default under the terms hereof which is not cured within ten (10) days of written

notice to Defendants at the addresses set forth underneath their respective signatures sent via first class US Mail, Plaintiff

shall have the right to reopen this matter for the sole purpose of entry of a judgment against Stipulating Defendants for the

balance due under the Obligation Amount (net any sums received on account thereof) plus any attorney's fees and costs

incurred, by filing an affidavit of default with the ('out t setting tot i n t he default and the amount remaining due.

I 0. The terms of the Guarantees are otherwise incorporated hereunder as though more fully set forth at length. The

entry of this Stipulation by Plaintiff shall not operate an a waiver of any future default by Stipulating Defendants hereunder .

or the terms of the Guarantees.

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 4 of 7
11. This Stipulation may be signed in separate counterparts, each of which shall be deemed an original, all of

which shall be considered one and the same agreement, and shall become effective when one or more counterparts have been

signed by each party hereto and delivered to the other party hereto.

Date:

Saleem Siddiqi aka Saleem R. Siddlel

27670 Lathrup Boulevard

Michigan, 48076. Village, Lathrup

Date:

Prasad Nannapaneni

5230 Franklin Road

Bloomfield, Michigan, 48302

Date:

Srinivas Nannapaneni aka Srinivas Rao Nannapaneni

aka Srinivas Nannapanen

5230 Franklin Road

Michigan, 48302. , Bloomfield

	Date:

Barara Lanza Farley , Esquire

Attorney for Plaintiff

325 Chestnut	Street

Suite 915

Philadelphia PA 19106

Phone: 215) 923-9696

Fax No: (215) 923-1454

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 5 of 7
11%86/2002 06:56 248737713` PAGE 03

11. This Stipulation may be signed in separate counterparts, each of which shall he deemed an original, all of

which shall be considered one and the same agreement, and sh all become effective when one or more counterparts have lien

signed by each party hereto and delivered to the ocher party hereto_

Date:

Date: 141 4 I.a t--

Date:.

.Saleem Siddiqi aka Saleem R. Siddlel

27670 Lathrup Boulevard

Lathrup Village, Michigan 48076,

Prasad Nannapaneni

5230 Franklin Road

Bloomfield. Michigan. 48302

Srinivas Nannapaneni aka Srinivas Rao Nannapaneni

aka Srinivas Nannapanen

5230 Franklin Road

Michigan, 48302. , Bloomfield

Barara Lanza Farley. Esquire

n i Attorney for Plaintiff . 325 Chestnut Street

Suite 915

Philadelphia PA 19106

Phone:215)923-9696

Fax No: (215) 923-1454

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 6 of 7
JRN-15-2903 15:36

IN THE UNITED STATES DISTRICT COURT FOR

THE EASTERN DISTRICT OF PENNSYLVANIA

AMERICAN EQUIPMENT LEASING, CIVIL ACTION

a division of EAB LEASING CORP.,

Plaintiff,

v. NO. 02-2758

SALEEM SIDDIQUI a/k/a SALEEM R

SIDDLEL, et al.

Defendants.

ORDER

AND NOW, this 14" day of January, 2003, upon consideration of the Stipulation (Doc.

8) entered into by Plaintiff and Defendants Saleem Siddiqi a/k/a Saleem R. Siddlel, Prasad

Nannapaneni, and Srinivas Nannapaneni a/k/a Srinivas Rao Nannapaneni a/k/a Nannapanen

(collectively "Stipulating Defendants") resolving all Plaintiffs claims in this matter as to

Stipulating Defendants, and settling this matter as to Stipulating Defendants,

IT IS HEREBY ORDERED AND DECREED that the above-referenced matter is

DISMISSED WITH PREJUDICE as to Stipulating Defendants, in accordance with the terms set

forth in the Stipulation (Doc. 8). The Clerk of the Court shall amend the caption to read

American Leasing Equipment v. Ramalinga Prasad Adusumalli a/k/a Ramalina P. Adusomacci

BY THE COURT:

h.hI0' 146 v uRA !h/

on. Petrese B. Tucker, U.S.D.J.

P. e3

Case 2:02-cv-02758-PBT Document 13-2 Filed 07/28/2003 Page 7 of 7