The Chancery Division ruled on the claim brought by the applicants, joint liquidators, against the respondents, the former director, and his company. The applicants' claim arose out of the events which led up to the company's entry into administration on 15 April 2014 and the pre-packaged sale of its business and assets to the second respondent under a sale and purchase agreement entered into on the same day. The claimants, among other things, alleged that: (i) the April payments were transactions at an undervalue