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Multimillion pound property scheme director banned for 9 years
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Multimillion pound property scheme director banned for 9 years
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Date Time
Lettings company banned for emptying company bank account
Ghanshyam Sarup Batra (58), of Harlow, Essex, was the appointed director of Dylan Lettings Worldwide Limited since its incorporation in May 2010.
The company acted as a management organisation for three apartment blocks that had previously been converted from hotels.
The freeholds of the buildings were owned by three separate companies, whilst Ghanshyam Batra was the registered leaseholder on all the apartments.
In April 2017, Ghanshyam Batra and the three companies were ordered by the court to pay a confidential settlement connected to £6.5 million of arrears owed to mortgage lenders.
When the settlement was not paid, a Receiver was appointed by the court over the properties and the leaseholds. Restrictions were then placed on Ghanshyam Batra limiting him from exercising his powers as a director of Dylan Lettings Worldwide or seek to act on its behalf without permission of the court or claimants.
Source: UK Government
Ghanshyam Sarup Batra (58), of Harlow, Essex, was the appointed director of Dylan Lettings Worldwide Limited since its incorporation in May 2010.
The company acted as a management organisation for three apartment blocks that had previously been converted from hotels.
The freeholds of the buildings were owned by three separate companies, whilst Ghanshyam Batra was the registered leaseholder on all the apartments.
In April 2017, Ghanshyam Batra and the three companies were ordered by the court to pay a confidential settlement connected to £6.5 million of arrears owed to mortgage lenders.
When the settlement was not paid, a Receiver was appointed by the court over the properties and the leaseholds. Restrictions were then placed on Ghanshyam Batra limiting him from exercising his powers as a director of Dylan Lettings Worldwide or seek to act on its behalf without permission of the court or claimants.
UK court releases Rs 2.3 cr for Mallya’s legal costs
ByDanish KhanDanish Khan / Updated: Dec 12, 2020, 06:28 IST
Vijay Mallya
Vijay Mallya’s counsel says he has to rely on court funds as he has no income; prosecution says he is trying to wrongly access funds parked with courts.
IN LONDON The high court in London on Friday approved the release of £ 240,000 (nearly Rs 2.3 crore) from the £ 2.6 million funds belonging to
Vijay Mallya, which is parked with the Court Funds Office (CFO). The order by the Deputy Insolvency and Companies Court Judge Schaffer came after Philipp Marshall, Queen’s Counsel (QC) appearing for Mallya, told the court that the crucial bankruptcy hearing on December 18 might have to be adjourned as he wouldn’t be able to appear due to huge outstanding fees.
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