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Company – Director. The Chancery Division dismissed an application by the liquidator of a company, under s 212 of the Insolvency Act 1986, against the respondent former director and majority shareholder of the company. It held, among other things, that the claim under s 172 of the Companies Act 2006 failed and the respondent had not been in breach of his duty under s 174 of the 2006 Act.
Company – Director. The Chancery Division dismissed an application by the liquidator of a company, under s 212 of the Insolvency Act 1986, against the respondent former director and majority shareholder of the company. It held, among other things, that the claim under s 172 of the Companies Act 2006 failed and the respondent had not been in breach of his duty under s 174 of the 2006 Act.
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