Punjab-origin director of pizza company disqualified in UK

Saturday, 12/08/2017

http://paper.hindustantimes.com/epaper/viewer.aspx

LONDON : Balwinder Singh, the Indian-origin director of a Worcestershire-based pizza company, has been disqualified as a company director for diverting funds he had secured from loans to a partnership in which he had a personal interest, officials said.

The Insolvency Service said Singh, 58, was the sole registered director of Charnwood Foods Ltd but an investigation found that he “unreasonably caused payments of at least £205,000 to the partnership he had a personal interest in”.

The company went into liquidation with no assets on August 26, 2015, owing an estimated £358,816 to creditors, of which £308,233 was owed to a bank as loan. Singh’s misconduct, accepted by him, was that he breached his fiduciary duties as director of the company when he made the payments that were at the risk of, and to the detriment of, the company and its creditors.

He also failed to deliver adequate accounting records to show that such payments were reasonable, the service said.

A disqualification order has the effect that without specific permission of a court, a person with a disqualification cannot act as a director of a company; take part, directly or indirectly, in the promotion, formation or management of a company or limited liability partnership; and be a receiver of a company’s property.

Punjab Politics News

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RANA GURJIT SINGH INAUGURATES MARKFED SALES BOOTH AT LOHIAN

Thursday, 01/08/2019

https://www.brightpunjabexpress.com/index.php/2019/07/31/rana-gurjit-singh-inaugurates-markfed-sales-booth-at-lohian/

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NRI NEWS

Indian-Americans urge Trump to ‘fully support’ India on Kashmir

Sunday, 04/08/2019

https://www.tribuneindia.com/news/diaspora/indian-americans-urge-trump-to-fully-support-india-on-kashmir/813832.html

Washington : The Indian-American community in the US has urged the Trump administration to “fully support” India’s decision to revoke the constitutional provision that accorded special status to Jammu and Kashmir and to continue to exert pressure on Pakistan to end its support to cross-border terrorism.