Tag: Unlawful Dividends | LEXLAW Solicitors & Barristers

Manolete Case Study: Directors Liable for £1.4m Misappropriation and Unlawful Dividends

The High Court ordered the former directors of Evershine Travel Limited (In Liquidation) to repay more than £1.4 million after treating company funds as their own and authorising unlawful dividends while the company faced a £17.58 million deficit to creditors. The case highlights the severe consequences for directors who breach duties owed under the Companies Act 2006 once a company approaches insolvency.

Post date 5 December 2025
Post author By Hasanat Akbar
Post categories In Case Law, Case Study, County Court, Court of Appeal, Director's Duties, Directors Disqualification, High Court, HMCTS, Insolvency, Insolvency Litigation, Litigation, Manolete, Winding-up Petitions
Tags Defending Manolete Claims, Director claims, Director Disputes, Directors Duties, Directors’ Duties, Directors’ Duties Claims, Expert Legal Advice, Insolvency, Insolvency Act, insolvency law expert, Insolvency Litigation Solicitors, LexLaw case studies, LexLawSolicitors, Manolete, Manolete Case Studies, Manolete claims, Manolete Partners claims, Manolete Partners defence, Manolete Partners PLC, Personal Liability of Directors UK, Unlawful Dividends

Manolete Case Study: Directors Liable for £1.4m Misappropriation and Unlawful Dividends

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