Whether directors of a winding up company who transferred out monies to deprive creditors of its payment can be sued for fraud and pay back those monies?
This update delves into a case where two individuals received substantial sentences for their roles in a violent home invasion, highlighting the judicial rationale behind consecutive sentences and the balance between public safety and offender rehabilitation.
This legal update examines the complexities of issuing bankruptcy notices on judgments older than six years, highlighting the necessity of obtaining court leave under Order 46 rule 2(1)(a).
This legal update addresses the critical importance of complying with procedural requirements under Section 348 of the Companies Act 2016 in statutory derivative actions. It highlights the consequences of failing to provide mandatory notice and the necessity of naming alleged wrongdoer directors in the leave application, which could result in the Leave Order being set aside.