Name: ABDUL ISLAM  AMINI

Name: LAL HAVELI LIMITED

Date of Birth: 6 / 12 / 1974

Date Order Starts: 18 / 3 / 2025

Disqualification Length: 10 Years 0 Month(s)

CRO Number: 08695871

Last Known Address: 22 KNELLER ROAD,, NEW MALDEN,, , , SURREY,, KT3 5NE

Conduct: On 30 June 2020 Mr Abdul Islam Amini (‘Mr Amini’) applied for and obtained a government-backed Bounce Back Loan (‘BBL’) of £30,000 for Lal Haveli Limited (‘Lal’) by providing false or knowingly inaccurate information regarding Lal’s turnover in 2019. On 07 January 2021 a Top-Up BBL of £2,500 was received. In total Lal obtained £16,220 in BBL funding to which it was not entitled. Mr Amini failed to ensure that the proceeds of the loan were used in their entirety for the economic benefit of the business as required under the terms of the BBL scheme. In that: Obtaining a BBL • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000. • Lal was incorporated in September 2013 and commenced trading at that time. • As Lal was trading throughout 2019 it was not entitled to estimate its turnover on the application form. • Accounts prepared for the year to 30 September 2019 record turnover of £51,727 and Lal’s bank statements disclose income received of £65,123 in the calendar year 2019. • This bank income would have entitled Lal to a BBL of no more than £16,220. • On 30 June 2020 Mr Amini completed an application form for a BBL from Lal’s bank, self-certifying that its turnover in 2019 was £130,000 and requesting a loan of £30,000. • A Top-Up BBL of £2,500 was received into Lal’s bank account on 07 January 2021, giving total funding received of £32,500. • Therefore, Lal obtained £16,220 in BBL funding to which it was not entitled. Disbursal of the BBL • The terms of the BBL scheme required the proceeds to be used solely for the economic benefit of the business. • Immediately before the receipt of the BBL the bank account balance was £10 cr. • On 01 July 2020 the BBL of £30,000 was paid into Lal’s account. • Following this, in the period to 31 August 2020: o £31,510 was paid to Mr Amini. o £10,400 was paid to his co-director. • Of these payments, £24,334 could not have been funded without the BBL. • On 07 January 2021 the Top-Up BBL was paid into Lal’s bank account. o On 08 January 2021 a payment of £2,490 was made to Mr Amini. • No documents have been provided to evidence that any of these payments were for the economic benefit of Lal’s business. • At the liquidation date the bank was owed £31,547 in respect of the BBL, and it was the majority creditor. 

This information is correct as at 28 / 3 / 2025

Name: LAL HAVELI LIMITED

Date of Birth: 9 / 1 / 1988

Date Order Starts: 17 / 4 / 2025

Disqualification Length: 10 Years Years 0 Month(s)

CRO Number: 08695871

Last Known Address: 22 Kneller Road, , , , NEW MALDEN, KT3 5NE

Conduct: Mrs Anum Shahid (‘Mrs Shahid’) caused or permitted an application to be made on 30 June 2020 for a government-backed Bounce Back Loan (‘BBL’) of £30,000 for Lal Haveli Limited (‘Lal’) and false or knowingly inaccurate information regarding Lal’s turnover in 2019 to be provided on the application form. On 07 January 2021 a Top-Up BBL of £2,500 was received. In total Lal obtained £16,220 in BBL funding to which it was not entitled. Mrs Shahid failed to ensure that the proceeds of the loan were used in their entirety for the economic benefit of the business as required under the terms of the BBL scheme. In that: Obtaining a BBL • The BBL scheme permitted a loan of up to 25% of a business’ turnover in the calendar year 2019 (or estimated annual turnover from the date it commenced trading if it had been established after 01 January 2019), to a maximum of £50,000. • Lal was incorporated in September 2013 and commenced trading at that time. • As Lal was trading throughout 2019 it was not entitled to estimate its turnover on the application form. • Accounts prepared for the year to 30 September 2019 record turnover of £51,727 and Lal’s bank statements disclose income received of £65,123 in the calendar year 2019. • This bank income would have entitled Lal to a BBL of no more than £16,220. • On 30 June 2020 Mrs Shahid’s co-director completed an application form for a BBL from Lal’s bank, self-certifying that its turnover in 2019 was £130,000 and requesting a loan of £30,000. • A Top-Up BBL of £2,500 was received into Lal’s bank account on 07 January 2021, giving total funding received of £32,500. • Therefore, Lal obtained £16,220 in BBL funding to which it was not entitled. Disbursal of the BBL • The terms of the BBL scheme required the proceeds to be used solely for the economic benefit of the business. • Immediately before the receipt of the BBL the bank account balance was £10 cr. • On 01 July 2020 the BBL of £30,000 was paid into Lal’s account. • Following this, in the period to 31 August 2020: o £31,510 was paid to Mrs Shahid’s co-director. o £10,400 was paid to Mrs Shahid. • Of these payments, £24,334 could not have been funded without the BBL. • On 07 January 2021 the Top-Up BBL was paid into Lal’s bank account. o On 08 January 2021 a payment of £2,490 was made to Mrs Shahid’s co-director. • No documents have been provided to evidence that any of these payments were for the economic benefit of Lal’s business. • At the liquidation date the bank was owed £31,547 in respect of the BBL, and it was the majority creditor. 

This information is correct as at 28 / 3 / 2025

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