Case details for Amardeep VIG

Name: Amardeep VIG


Date of Birth: 9 / 4 / 1984

Date Order Starts: 2 / 9 / 2021

Disqualification Length: 6 Years 0 Month(s)

CRO Number: 08845469

Last Known Address: 14 Jenham Drive,, Sileby,, , , LOUGHBOROUGH,, LE12 7DP

Conduct: Between 23 May 2019 and 13 June 2019, Amardeep Vig (“Mr Vig”) caused Charnwood (Loughborough) Ltd (“Charnwood”) to take receipt of funds totalling £19,836 for his own benefit, and to the detriment of Charnwood’s creditors generally, at a time when he knew that Charnwood was insolvent and that a winding-up order had been made and failed to disclose receipt of the funds in the liquidation proceedings. In that: • A winding-up petition was presented on 07 January 2019 and was personally served upon him on 08 January 2019. • On 16 April 2019 a Creditor’s Voluntary Arrangement (“CVA”) was proposed. • On 17 April 2019, the winding-up hearing was adjourned pending the outcome of the CVA proposal. • On 24 April 2019 an objection to the CVA was received. • On 07 May 2019, a letter was sent to all creditors and members detailing the outcome of the virtual meeting of creditors and confirming that the proposal had been rejected by the majority creditor. • A winding-up order was made on 22 May 2019. • Between 23 May 2019 and 13 June 2019 funds totalling £19,836 in respect of book debts due to Charnwood were paid into a bank account held jointly between himself and a connected party. • These funds were not disclosed to the Official Receiver and therefore were not recovered, putting the monies out of reach of the general body of creditors. • At liquidation, total liabilities to creditors were £242,437. 

This information is correct as at 12 / 8 / 2021

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