Siddhant Varma’s £2 Million Insolvency Dispute

In UK Keystone Law, advised on the matter.

Keystone Law advised Siddhant Varma with a team including Kelly Tinkler (Picture – Dispute Resolution).

The liquidators sought to recover money from the businessman after having no knowledge that his £2 million inheritance was in fact received from a bankrupt hotel development business.

The latest judgment followed suit with previous judgments and dismissed all claims against Siddhant Varma, including those for the return of £2.4 million in company funds. Kelly has been advising on this case since 2019.

Siddhant Varma was named as a respondent by liquidators after his father, Sanjiv Varma, was found by the court to have orchestrated a fraud by acting as the de-facto director of Grosvenor Property Developers Limited, claiming to be acquiring and redeveloping the Grosvenor Hotel in Bristol into student accommodation.

Siddhant Varma has maintained throughout the case that he had no involvement in Grosvenor and he was expecting and thought that the £2 million he received was indeed an inheritance from his late grandmother.

Keystone Law litigation partner Kelly Tinkler (Picture) has successfully advised Mr Siddhant Varma.

Involved fees earner: Kelly Tinkler – Keystone Law;

Law Firms: Keystone Law;

Clients: Siddhant Varma;

Author: Giulia Di Palma