UK Businessman Banned: £100,000 Car Scandal Triggers Six-Year Ban
Kulbarg Singh, a UK-based businessman, has been disqualified from acting as a company director for six years. The Insolvency Service announced the ban on August 5, 2025.
The disqualification follows an investigation into the sale of assets from his company. These included valuable historic cars, sold for a fraction of their worth.
Singh sold assets worth £101,500 to another company he owned for a mere £1. This significantly contributed to the first company’s insolvency.
The insolvent company accumulated over £1.5 million in liabilities. The transactions were deemed to be reckless and detrimental to creditors.
The Insolvency Service highlighted the severity of Singh’s actions. They emphasized the importance of directors acting responsibly and in the best interests of their companies.
This case serves as a stark warning to business owners in India and abroad. The repercussions of such financial mismanagement can have far-reaching consequences, impacting not only the business but also personal reputation and future prospects.
