Overview
- A jury at the Old Bailey convicted Ghanshyam Sarup Batra after a six-day trial, and he received 12 months’ imprisonment suspended for 18 months on 17 February.
- Less than an hour after a receiver took control in May 2017, he began transferring company funds, moving £105,690 over four days and leaving £3.48.
- The receiver was appointed after Batra failed to comply with a court order to pay more than £6.5 million in personal debts.
- Dylan Lettings Worldwide Limited managed four London aparthotels during the period and later entered liquidation with no assets realized or dividends paid to creditors.
- Batra remains disqualified as a director until March 2028 and is an undischarged bankrupt with his discharge suspended for failing to cooperate with the Official Receiver.