764. First excepted case.

Where:

  1. Ìý

    (1)ÌýÌýÌýÌý a person ('the person') was, within the relevant period1, a director or a shadow director2 of an insolvent company that has gone into insolvent liquidation3; and

  2. Ìý

    (2)ÌýÌýÌýÌý the person acts in all or any