Re Flexi Containers Ltd; Breese v (liquidator of Flexi Containers Ltd) v Hiley (by her litigation friend Hiley) and others

Insolvency – Transaction at undervalue. The Companies Court held that a liquidator of a company had made out her case that the transfer of stock from the company to the first respondent former director of the company amounted to a preference and a transaction at an undervalue, such that relief ought to be granted under ss 238, 239 and 241 of the Insolvency Act 1986.

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