A recent case reported by the Insolvency Service involved a director who was disqualified for […]
CDDA (Directors Disqualification)
Failing to disclose connected party transactions during a pre pack sale is a regulatory breach under SIP 16, and for those with layered corporate structures, transparency is essential to avoid professional sanctions.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, having spent over […]
Transferring business assets without the Administrator’s approval is unlawful under paragraph 43 of Schedule B1 and section 234 of the Insolvency Act 1986, and can result in criminal prosecution for asset diversion.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, I frequently advise directors on […]
Reusing a company name after administration without court approval breaches section 216 of the Insolvency Act 1986, and this phoenix activity is a criminal offence, even if done indirectly or through a nominee.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, my career, spanning […]
Providing misleading business valuations to justify a pre pack sale is a criminal fraud offence under the Fraud Act 2006, and the higher the valuation gap, the stronger the inference of intent.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, from the many […]
Misusing the protection of the administration moratorium can result in civil or criminal proceedings under Schedule B1, paragraphs 43 to 44 of the Insolvency Act 1986. Even high level businesspeople are not exempt from accountability during this court supervised process.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, I often advise directors who […]