United Kingdom directors disqualificationbounce back loanunfitness

Re Tundrill Ltd

[2023] EWHC 3241 (Ch)

JurisdictionUnited Kingdom

CourtHigh Court of Justice, Business and Property Courts, Insolvency and Companies List (ICC Judge Burton)

Year2023

StatusBinding authority

Key Principle

A director who causes a company fraudulently to apply for a Bounce Back Loan on the basis of an estimated turnover he knew or ought to have known the company had no realistic prospect of achieving, and who causes the funds to be applied for his personal benefit, falls below the standards of probity and competence appropriate for a fit director and is unfit under s.6 CDDA 1986.

Area of Law

General

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