Case details for Inderjit Singh Dadial

Name: Inderjit Singh Dadial

Name: Cali Juices Limited

Date of Birth: 21 / 12 / 1990

Date Order Starts: 21 / 3 / 2022

Disqualification Length: 9 Years 0 Month(s)

CRO Number: 11798166

Last Known Address: 320 Warstones Road,, Penn,, , , WOLVERHAMPTON,, WV4 4JZ

Conduct: Mr Inderjit Singh Dadial (“Mr Dadial”) caused Cali Juices Ltd (“Cali”) to breach the conditions of the Bounce Back Loan (BBL) Scheme by applying for a Bounce Back Loan of £50,000 when he knew or ought to have known that Cali was not eligible, in that:- The BBL criteria allowed a business to borrow between £2,000 and up to 25% of the company turnover (up to a maximum of a £50,000 loan). On 16 May 2020 Mr Dadial applied for a BBL and stated that Cali’s turnover was £250,000. Cali’s accounts for year ended 30 January 2020 showed turnover of £2,350 and that it made a loss of £33,818. 25% of Cali’s turnover is £588, which is below the £2,000 minimum payment made for a BBL. On 17 May 2020 Cali received £50,000 in respect of the BBL. Cali’s bankers are creditors in the company’s liquidation for £50,000. 

This information is correct as at 1 / 3 / 2022

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