BUSINESS AND PROPERTYCOURTS OF
ENGLAND AND WALES
BUSINESS LIST (CH)
7 Rolls Building, Fetter Lane, London, EC4A 1NL |
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B e f o r e :
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NIRAV SHAH | Claimant | |
and | ||
ASHOK SHAH | Defendant/Part 20 Claimant | |
and | ||
JAIVANT SHAH | First Part 20 Defendant | |
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BHARAT SHAH | Second Part 20 Defendant |
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Lower Ground, 18-22 Furnival Street, London, EC4A 1JS
Tel No: 020 7404 1400
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(Official Shorthand Writers to the Court)
MR ROSEMAN appeared on behalf of the First Part 20 Defendant
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Crown Copyright ©
THE DEPUTY MASTER:
(1) Ashok's share of the proceeds of sale of a flat, referred to in these proceedings as the Bombay flat, which had been sold in October 2012. Ashok's share of those proceeds, at the rate of exchange prevailing in October 2012, was £468,905, from which, however, my order indicated that there was to be deducted £72,333, as reflecting (a) a payment of £25,000 which had been made to Ashok in 2013 from the proceeds; and (b) £57,333, being Ashok's share of a payment made to a Mr and Mrs Deepak Shah and which, albeit indirectly, had been made by Jaivant/Bharat out of those proceeds.
(2) Ashok's share in the rents which had been paid to Bharat/ Jaivant, in the period 2001 to 2012, in respect of the Bombay flat and for which they had not accounted to Ashok. The sum generated, over the period for which I found Jaivant and Bharat were accountable, was £24,000.
(3) Ashok's share in the proceeds of sale of a plot of land at Surat ("the Surat plot"). The land had been sold, in 2003, and Ashok's share expressed in sterling at that date was £151,934.
(4) Ashok's share in the proceeds of sale of a building plot ("Plot 96"), in Bangalore, which had been sold in August 2016. Ashok's share in the proceeds of that lot, expressed in sterling as at that date and for which Jaivant is accountable to Ashok, was £37,999.99
(5) Ashok's share in the value of two shops in a complex at Gopipura, Surat and in a flat in the Rajul Building in Surat. The amount for which Jaivant is accountable to Ashok in respect of these properties is 5.2M rupees, that valuation being derived from a valuation report dated October 2016.
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Lower Ground, 18-22 Furnival Street, London EC4A 1JS
Tel No: 020 7404 1400
Email: civil@epiqglobal.co.uk