Case details for Junaid Dar

Name: Junaid Dar

Name: JDarPT Ltd

Date of Birth: 21 / 2 / 1991

Date Order Starts: 27 / 4 / 2022

Disqualification Length: 11 Years 0 Month(s)

CRO Number: 10690408

Last Known Address: 1215a Stratford Road,, Hall Green,, , , BIRMINGHAM,, B28 9AD

Conduct: Between 04 May 2020 and 13 October 2020 Junaid Dar (“Mr Dar”) caused JDarPT Ltd (“JDarPT”) to breach the conditions of the Bounce Back Loan Scheme and falsely apply for three separate Bounce Back Loans (“BBL”), totalling £45,500. In that: • BBL scheme conditions state that a business should not apply for a loan if it is already in the process of applying for, or has already received, a BBL scheme facility, the exception being a top-up if they originally borrowed less than the maximum amount (25% of turnover up to a maximum loan of £50,000) available. The funds are to be used for the economic benefit of the business. • JDarPT’s financial statements for the year ending 31 March 2020 shows a turnover of £62,908. • Based on the turnover in the financial statements to 31 March 2020, JDarPT was eligible to borrow a maximum of £15,727. • Mr Dar applied for a BBL on behalf of JDarPT and on 05 May 2020 funds of £13,000 were credited to JDarPT’s current bank account 1 • On 08 May 2020 Mr Dar applied for a second BBL of £15,000 with a different financial institution on behalf of JDarPT, stating turnover for 2019 of £60,000. • On 11 May 2020 funds of £15,000 were credited to JDarPT’s current bank account 2 • On 03 September 2020 Mr Dar applied for a third BBL of £17,500 with another financial institution on behalf of JDarPT, stating turnover for 2019 of £70,000. • On 13 October 2020 funds of £17,500 were credited to JDarPT’s current bank account 3 • At the date of liquidation on 29 July 2021, a total of £47,410 was owed to creditors, of which £45,500 was in respect of the BBLs. 

This information is correct as at 7 / 4 / 2022



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