However, the Court found that the directors had breached other duties by entering into obligations while insolvent. The Court sent the matter back to the High Court to reach a decision on the total amount of liability, as it did not have enough information to assess the amount owing.
Despite finding that the directors breached their duties by entering into obligations when they were insolvent, the Court referred the matter to the High Court for a decision on the total liability amount. The Court did not have enough information to determine the exact amount owing.