Yes, it is appeal to decision made by a family court as part of divorce process.
Yes, she made a payment, so I have got my 50 percent share and everything is fine from this point of view.
But she is trying to overturn it and made a statement in Appeal court during directions hearing that from her point it should have been a voluntary liquidation process and as a result of liquidation process she would have get more money as she is saying that part of Director's Loan is husband's responcibility even though there is no evidence that the husband (who is a second share holder) took that loan and on contrary in the company accounts for the previous years which were signed by both parties (Director (her) and Secretary (Husband) it is her name against a Director Loan.
For Liquidation itself there were no Special Resolution Meeting in place (even though a potential liquidator tried to arrange one on her behalf) as neither of shareholders attended it and accordingly nothing was signed; and also form my point of view the Director did not fulfil its responsibilities, i.e. Financial Accounts for that Year were compiled a half a year later than it set by the procedure due to the fact that a director was not able to provide necessary accounting information on her side and even when they were compiled by the company's accountant Director did not sign those financial accounts. However, the company tax was payed on the basis of those accounts.
To me the Director not only withheld some accounting information, did not sign accounts and did not distribute any money between shareholders but now also is trying to direct the Court in wrong direction saying that the liquidation was a way forward and she would have get bigger slice of assets as a result of Liquidation of the company. All this regardless of the actual facts and her short comings in regard to fulfilling director's duties (provision of information to accountant for compilation of the accounts, signing accounts, distribution of the assets).