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
King Charles III’s annual income to increase by more than 50% as crown estate revenue rises
Danny Jones
King Charles III’s annual income is reportedly set to increase by more than 50% after the total revenue of the official crown estate rose significantly over the last 12 months.
Posting record-breaking profits since King Charles was coronated back in May, raking in a total of £1.1 billion for the 2023/24 financial year, the crown’s budget is now being adjusted, with a review set for 2026/27.
As per the official royal accounts published this week, the sovereign grant which helps fund members of the royal family and their civic duties is set to rise from £86m this year to £132m in 2025/26, meaning the King is set for a whopping £45m (approx. 53%) pay rise.
The royals currently receive 12% of the crown estate’s overall profits and as the majority of Britain continues to struggle with a cost of living crisis, it’s also the details surrounding last year’s outgoings and overall expenditure that have proved tough reading for many.
It makes no sense that profits from renewable energy projects are funnelled out of poor coastal communities to fund the refurbishment of Buckingham Palace.
Wealth from our natural resources should be invested in our people and communities. https://t.co/D4ZzzFiffk
In addition to roughly £600,000 of the sovereign grant being spent on the King’s coronation and other related events last year, the monarchy’s accounts also revised the £369m set aside for renovations in and around Buckingham Palace, let alone other royal residences.
According to The Guardian, “Royal accounts also show that the Prince of Wales received £23.6m income from the Duchy of Cornwall in his first full year after inheriting the land and property-owning estate from his father.”
Frogmore Cottage, located on the Windsor estate, saw a £2.4m refurbishment on behalf of the Duke and Duchess of Sussex as well but has remained empty for more than a year – though the costs have reportedly since been returned to the public purse.
Perhaps one of the toughest/most frivolous to swallow for the taxpayer, though, is the revelation regarding the two new helicopters. Set to replace the existing aircraft used by the royals for the last 15 years, the two new AgustaWestland AW139s are said to cost £8m a pop.
Making 170 journeys last year and costing a total of £1,096,300, the monarchy’s travel bill rose from £3.9m to £4.2m all-told, with the official royal train remaining the most expensive per mile.
Elsewhere, in the King’s Speech (written for him) following Labour’s landslide updating of the Conservative Party after 14 years, Charles said: “Stability will be the cornerstone of my Government’s economic policy and every decision will be consistent with its fiscal rules…
“Securing economic growth will be a fundamental mission. My Government will seek a new partnership with both business and working people and help the country move on from the recent cost of living challenges by prioritising wealth creation for all communities.”
While the crown and government have reiterated the aim of “rising living standards”, many Brits will understandably struggle to take these words as sincerely as others, with urgent action needed to support some of the poorest regions across the nation.
Ex-Salford rugby player and Andy’s Man Club co-founder receives special honour from University of Bradford
Danny Jones
Ex-Salford rugby player, motivational speaker and health coach Luke Ambler has been given a special honour for his work with the men’s mental health organisation, Andy’s Man Club.
The former rugby league athlete and Ireland international – whose career started out at Salford City Reds before moving on to Leeds Rhinos, York, Harlequins and Halifax – set up Andy’s Man Club in 2016 after the loss of his brother to suicide, with the vital support group and charity growing massively since then.
Now hosting more than 4,500 men at over 190 different regional support groups across the country every week, including several here in Greater Manchester – one over at Etihad being the most recent – the non-profit has become a vital resource for men in the UK and only keeps spreading further.
To share this day with my beautiful family, mother in law and Sabrina our General Manager and all those who were graduating was a pleasure and a day I’ll remember for years to come.
As reported by The Hoot, Ambler received an outstanding contribution award from Bradford Uni on Tuesday, 16 July, being presented with the accolade during their ongoing summer graduation.
In typically humble fashion, he dedicated the honour to everyone but himself: “To all my team; my parents, my kids, my family, friends, staff and volunteers thank you – none of us do it alone.
“Thank you also to all of you who have supported us and continue to do so thank you.”
Speaking to the BBC, he went on to add: “It’s amazing to look back on how far it has come… I don’t want to put a limit on it – we really want to help more men and find out why people get into such dark places.”
Male mental health continues to be a hugely overlooked and pressing issue and the impact of organisations like Luke’s cannot be overstated, having not only provided an all-important outlet but also raised huge funds and awareness for the cause.
Meeting every Monday at 7pm, Andy’s Man Club is all about creating a safe space for men to open up about the storms affecting their lives in a safe, judgement-free and non-clinical environment. You can find your nearest location HERE.
Well done from all of us at The Manc Group, Luke. You can watch the presentation and his acceptance speech in full down below.
#ITSOKAYTOTALK
What a lovely way to honour the Andy’s Man Club co-creator.