Nicholson and another v Fielding and others

Company – Winding up. The liquidators' wrongful trading application, under the Insolvency Act 1986 s 214 was refused on the grounds that, at the relevant time, the respondent company directors had acted reasonably in continuing to trade. Further, the Companies Court held that it was not the case that no reasonable director could have created or relied on the projections that the respondents had used to guide them.

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