Sanjeev Gupta’s house of cards teeters as Greensill caves in – The Times

Managers at one of Sanjeev Guptas UK steel businesses held a discreet meeting last month. The subject had serious implications for them personally as well as the hundreds of staff they employ: were they trading while insolvent?
Under UK company law, the directors of a business can be held personally liable for its debts if it continues trading when they know it is insolvent.
Bosses at the steel company, who decided the business was still viable for now, had every right to be worried and even more…

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