Case details for CHIRAG PATEL

Name: CHIRAG PATEL

Name: Sukhi & Rakhi Ltd

Date of Birth: 22 / 2 / 1977

Date Order Starts: 28 / 4 / 2022

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 10804505

Last Known Address: 36 Springfield Mount, , , , LONDON, NW9 0SG

Conduct: Chirag Patel (“Mr Patel”) caused Sukhi & Rakhi Limited (“Sukhi”) to apply for a Bounce Back Loan (“BBL”) totalling £31,000 that he knew or ought to have known that Sukhi was not eligible for. Of these funds £31,000 was transferred to his personal bank account and was therefore not used for the economic benefit of the company In that: • He was director of Sukhi from incorporation on 6 June 2017. • Part of the BBL eligibility criteria was that the company must be actively trading as at 1 March 2020. • According to bank activity Sukhi had ceased to trade by the beginning of November 2019. • On 16 June 2020 £31,000 was credited to Sukhi’s bank account. • On 9 July 2020 £31,000 was transferred to his bank account. • The terms of the BBL stated that its intended purpose was to provide economic benefit to the business and not for personal purposes. He has been unable to show these payments were for the economic benefit of the company. • At the date of liquidation on 9 July 2021 the BBL remained unpaid. 

This information is correct as at 7 / 4 / 2022



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