Ghanshyam Sarup Batra was the appointed director of Dylan Lettings Worldwide Limited since its incorporation in May 2010. The company acted as a management organisation for three apartment blocks that had previously been converted from hotels.
The freeholds of the buildings were owned by three separate companies, while Batra was the registered leaseholder on all the apartments.
In April 2017, Batra and the three companies were ordered by the court to pay a confidential settlement connected to £6.5m of arrears owed to mortgage lenders.
When the settlement was not paid, a receiver was appointed by the court over the properties and the leaseholds. Restrictions were then placed on Batra limiting him from exercising his powers as a director of Dylan Lettings Worldwide or seek to act on its behalf without permission of the court or claimants.