Dickinson v NAL Realisations (Staffordshire) Ltd and another

Company – Insolvency. The Chancery Division held that, among other things, the claimant's claim to recover sums which, he alleged, were due to him and secured by a debenture over a company that was in liquidation, would not succeed, where certain transactions had allegedly been made at an undervalue. The court held that a share buyback had been void.

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