Name: Pranavkumar Hariprasad Patel

Name: INDRA HARSH LIMITED

Date of Birth: 27 / 8 / 1976

Date Order Starts: 2 / 3 / 2026

Disqualification Length: 11 Years  Month(s)

CRO Number: 08044969

Last Known Address: 30 Prescelly Place, Middlesex, , , , EDGWARE, HA8 6DH

Conduct: Mr Pranavkumar Hariprasad Patel (“Mr Patel”) breached the terms of the Bounce Back Loan (“BBL”) scheme by causing Indra Harsh Limited (“IHL”) to overstate its turnover on its application for a BBL, resulting in the company receiving a BBL of £50,000 when he knew, or ought to have known, IHL was not eligible for a loan of that value, in that: • The BBL scheme terms allowed businesses to receive a loan of up to 25% of their annual turnover for the 2019 calendar year, which the applicant would self-certify when completing the BBL application.   • If a company was established after 01 January 2019, they were allowed to estimate the company turnover from the date the company started to trade. • IHL was incorporated on 25 April 2012. • Mr Patel declared on the company’s BBL application form an annual turnover of £203,000, and consequently on 16 November 2020 IHL received a £50,000 BBL. • Bank statements for the period 01 January 2019 to 31 December 2019 show deposits totalling £40,602.89. • This would have meant that IHL would have been eligible to apply for a BBL of £10,151. • The overstatement of turnover meant that IHL received £39,849 more than it was entitled to from the BBL scheme. Furthermore, Mr Patel has failed to use the entirety of the BBL obtained by IHL for the economic benefit of the company, in that: • The terms of the BBL scheme stated that the BBL was to be used only for the economic benefit of the business, used wholly for business purposes and not personal purposes. • The bank balance prior to receipt of the BBL was £4.22. • After receipt of the £50,000 BBL on 16 November 2020, a payment for £50,000 was made to an associated company referenced “loan” on 07 December 2020. • Of the £50,000 payment made to the associated company, £49,995.78 came from BBL funds. • The payment detailed above was not for the economic benefit of IHL and was contrary to the terms of the BBL scheme. • IHL entered Creditor’s Voluntary Liquidation on 09 August 2023. • At liquidation, IHL had liabilities totalling £47,396.02, of which £47,396.02 was owed to the bank in respect of the BBL.  

This information is correct as at 16 / 2 / 2026

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