Re Ralls Builders Ltd (in liquidation); Grant and another v Ralls and others

Insolvency – Joint liquidators. The Chancery Division ruled that, having found that the joint liquidators' application, under s 214 of the Insolvency Act 1986, for a contribution from the directors of a company on a wrongful trading claim, had failed, it would not be appropriate to make the directors pay a contribution to the assets of the company in respect of the joint liquidators' fees and expenses in investigating and pursuing that unsuccessful claim.

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