Insolvency – Transaction at undervalue. The Chancery Division, in partially allowing the applicant liquidators of a company's application, ordered the second respondent to repay the company the benefit she had obtained from transactions found to be at an undervalue, being 50% of their total, namely, £12,700. Further, the respondents had not been entitled to any credit for the individual items claimed as credits or a full reconciliation of all the payments between the respondents and the company absent an explanation for the individual items.