Nick
Administrator
The whole point of Ltd liability is to limit the liability of the shareholders. Unless a shareholder or director has given personal guarantees, and as long as the director has not acted fraudulently or negligently then there is no further personal liability.
There is an Indian connection to this with a familiar name that came up on google
https://www.youtube.com/watch?v=MQSx8whkObg
The original CP Artha indian website gave investment examples including a football club one that had sales of players financing liabilities but that seems to gone now.
that presentation is absolutely awful!