Background
The High Court, presided over by Chief Insolvency and Companies Court Judge Briggs, recently delivered a judgment in the case of The Official Receiver, acting as liquidator for Wifime Limited (in liquidation), against Azam Iqbal Haq. The case involved allegations of breach of statutory duties by Mr Haq, who was the sole director of Wifime Limited when it entered insolvent liquidation.
The Company and Its Financial Difficulties
Wifime Limited, incorporated in 2013, provided technology services, primarily to the UK education sector. Despite initial growth, the company began defaulting on its tax liabilities in 2014. By November 2016, the company ceased trading, and a winding-up petition was presented by HMRC due to unpaid taxes….
