One of Manchester’s biggest and most popular Indian restaurants is set to go on sale following a fallout between the owners.
Royal Nawaab – a buffet restaurant and banqueting hall on Stockport Road in Levenshulme – has been a hotspot for Asian cuisine, casual dining and pre-COVID large-scale events since it opened on the site of a former cinema back in 2003.
However, the restaurant has been at the centre of a legal dispute in recent weeks, according to a recently-published High Court document.
The High Court noted that the business has been “very profitable” during its run, but the founders, Tariq Mahmood Malik and Mahboob Hussain Junior, had fallen out within a few years of opening up.
Now, after years of bad blood between the founders, the judge has ruled that the property and 50% of the company must go on sale in a process bounded by terms set by the court.
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At the High Court hearing at Manchester Civil Justice Centre last month, Judge Stephen Davies explained that Tariq and Mahboob had begun as joint owners and shareholders in the business – but by 2007, Tariq stepped back from the business as his relationship with Mahboob soured. His son Asad – who is married to Mahboob’s daughter, Atikah – took the reins.
Over time, Tariq’s wife, Nusrat Tariq, and Mahboob’s wife, Mirza Begum, also became shareholders in the business. However, in 2016, Tariq fell out with members of his own family – including his wife Nusrat, with whom he was by then estranged, as well as his son Asad, and another, younger son, Usman, who by then were both shareholders in the business and were supportive of their mother.
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As a result of this fallout – which Judge Stephen Davies said “appeared to be irreversible” – Tariq was removed as a director.
A judge has ruled that the property and 50% of the company must go on sale / Credit: Royal Nawaab
With the future of the business left hanging in the balance, the judge stated that the “most sensible way forward” was to have an expert valuation on the restaurant premises so that Tariq’s interests and partnership assets could be sold – but Tariq then said that he wanted the Stockport Road property sold on the open market.
Then, in an unexpected turn of events, Tariq offered to buy out Mahboob for £2.2 million back in March, but this was rejected by Mahboob’s lawyers who said said it was “unacceptable” for any third party to acquire Mahboob’s share.
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The lawyers also said that they didn’t think it was a genuine offer “since Tariq had no obvious means of funding the purchase”.
With Tariq pressing for the business to be sold off, and Mahboob still wanting to buy Tariq out, Judge Stephen Davies decided on the compromise that the property should be sold according to the court’s terms, and that if no sale proceeds Mahboob should buy out Tariq.
Judge Davies ordered a “full and fair” valuation of the property and the business so that Tariq, Mahboob and any of the other defendants can make bids “as should any third party who wishes to do so”, adding however that any “independent” selling agent or solicitor charged with the “conduct of the sale” should be under “no obligation to publicise” it.
In order to “prevent injustice”, the judge set terms that mean Mahboob can acquire the property and the shares at the court’s valuation if others drop out after making bids above that price.
The buffet restaurant has been a hotspot for Asian cuisine since it opened back in 2003 / Credit: Royal Nawaab
“The court has a discretion not only as to whether or not to order a sale, but also the manner in which any sale should be conducted,” Judge Davies said.
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“That is particularly important in this case, since in my judgement there is a very real likelihood that Tariq’s true motive in pressing for an order for sale is to attempt to increase the price by engineering a bidding war, and I am satisfied that it is necessary to ensure that the provisions in relation to any sale should be tailored so far as reasonable to prevent him from doing so with impunity.”
Featured Image – Royal Nawaab
UK News
Sir Jim Ratcliffe has increased his stake in Manchester United
Danny Jones
Sir Jim Ratcliffe has increased his investment in Manchester United Football Club, taking his current stake from 27.7% to 28.94%.
The Failsworth-born billionaire officially became a minority shareholder in Man United earlier this year, bringing in the Sports arm of his INEOS petrochemical company and plenty of new personnel with him following an initial £1.25 billion acquisition which saw him buy over a quarter of the club.
While his tenure at Old Trafford has been a somewhat turbulent affair so far – having pleased most fans by taking at least some control away from the family but making a number of less-than-popular decisions of late – he is, at the very least, putting lots of money where his mouth is.
Sir Jim Ratcliffe has injected a further $100m into Manchester United and now owns 28.94% of the club. This completes a planned $300m investment pledged at the time of purchase. $200m was paid back then out of Ratcliffe’s personal funds.
As per multiple outlets, the 72-year-old has pumped a further of approximately £79.3m into Man United to increase his overall stake just before the end of the year.
This latest figure payment was actually promised as part of his initial partial takeover which was completed back in February, with a filing listed by the Securities and Exchange Commission (SEC) confirming the final payment this week, with Ratcliffe receiving additional shares in return.
It also detailed that the ownership of the shares has transferred from Ratcliffe personally to the INEOS Group as a whole, who also have stakes in French football club OGC Nice, the INEOS Grenaiders cycling team (formerly Team Sky), as well as Formula 1, sailing, rugby and more.
Although supporters will be pleased to hear that Ratcliffe is committed to investing in the club, Keegan’s article details that the money itself won’t be strictly put towards any potential signings in the upcoming transfer window.
Similarly, Press Associates (PA) understand that the funds will be put towards infrastructure rather than player recruitment, as it is also expected that some squad members could be offloaded this January.
Could Man United’s homegrown number 10 really be on his way out after nearly two decades in red?
News of Ratcliffe increasing his United stake won’t do much for many of his early detractors, however, as the Greater Manchester local has been accused of ‘forgetting his roots’ and ‘betraying the working class’ with some recent internal steps.
Most recently, Sir Jim and his newly rebuilt executive board received immense backlash for increasing ticket prices for remaining games this season to a whopping £66 across the board, with no concessions made for young, old or disabled fans.
With sporting director Dan Ashworth having been dismissed after just five months – a man who spent just as much time on gardening leave at his former club as he did in his actual role at United – it’s fair to say Ratcliffe and co. could have been more economical.
Manchester locals appealing for more information over a month after from finding family member’s body
Danny Jones
A Greater Manchester family are still calling for more information now over a month on from the discovery of a man’s body at his Chorlton home.
William Riddell, 49, was found dead in the bedroom of a property on Astbury Avenue at approximately 11:35pm on Sunday, 10 November after being found by his stepdaughter, Sarah Hayden.
Details surrounding his passing are still scarce but a 47-year-old man was arrested on suspicion of murder but has since been released on bail “pending further enquiries”, leaving Sarah and the rest of her family still none the wiser as to the exact nature of his death.
Preparing to spend their first Christmas without him, they have issued a desperate appeal for more information, urging anyone who might have information to come forward.
#APPEAL | The family of a man who died last month are appealing to the public for information as they face their first Christmas without him.
Billy Riddell was sadly found dead at his property in Manchester, with enquiries continuing.
Riddell, more commonly known as Billy by those close to him, was described as a “good, caring man with a big heart” and a popular figure in the local area.
Speaking via Greater Manchester Police, Sarah, said: “I want to be Billy’s voice and get answers for him. Billy was a nice and lovely man and all the community knew who he was. He was well-liked and we gave him a good send-off at his funeral.
“I would just ask anyone who knew him or has any information to come forward and tell police. Even if you think it’s a little or small thing – please come forward. We just want to get to the bottom of what has happened.”
Detective Inspector Alex Wilkinson, who serves on GMP‘s Major Incident Team, added in an official statement: “The family of Billy deserve answers following his death and we are working hard to ensure they get exactly that.
“We have closely supported Sarah and the wider family over the last month, and we will continue to provide assistance wherever we can as they face their first Christmas without him.
“While a suspect has been bailed, we are still working flat-out to understand more about Billy’s life, the people he was close to, and events leading up to his death just over a month ago.”
With that in mind, both GMP and Riddell’s family are asking anyone who might know anything or have information regarding people associated with Billy to come forward, reiterating that “even if you consider something to be small – your help could greatly benefit our investigation.”
You can contact police via 101 or by using the live chat function HERE, quoting log 3227 of 10/11/24.
Alternatively, you can contact the UK’s independent charity, Crimestoppers, anonymously on 0800 555 111 or online.
The Manc -
7th June 2021 
