Tag: s.172 Companies Act 2006 | LEXLAW Solicitors & Barristers

Manolete Case Study: Director Liable for Misapplied Company Funds (Transactions at Undervalue & Preferences)

The High Court ordered Mr Steven Bell to repay substantial sums after causing BSS LED [R&D] Limited to enter into transactions at an undervalue and make preferential payments to connected companies, in breach of directors’ duties under the Companies Act 2006 and the Insolvency Act 1986.

Post date 17 October 2025
Post author By Hasanat Akbar
Post categories In Case Law, Case Study, Civil Litigation, Director's Duties, Directors Disqualification, High Court, HMCTS, Insolvency, Insolvency Litigation, Litigation, Litigation Funding, Manolete, Winding-up Petitions
Tags Asset Transfers at Undervalue, Breach of Fiduciary Duties, companies act 2006, Company Insolvency Legal Advice, creditor preferences, Director Misfeasance, Directors’ Duties, Directors’ Duties Claims, Insolvency Act 1986, Insolvency Litigation Solicitors, Manolete, Manolete case study, Personal Liability of Directors UK, Preferences, s.172 Companies Act 2006

Manolete Case Study: Director Liable for Misapplied Company Funds (Transactions at Undervalue & Preferences)

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