Bataillon and another v Shone and another

Insolvency – Transaction at undervalue. The Mercantile Court granted relief sought by the claimants, who had invested in a business promoted by the first defendant. They claimed that the first defendant had transferred property and funds to his wife, the second defendant. The court held that it would be appropriate to make an order under s 423 of the Insolvency Act 1986, subject only to making provision for the defendants' daughter.

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