Mary Steel is a consultant with Iron Management Consultants (IMC). Mary reports to Stella Chrome, who is
Question:
Mary Steel is a consultant with Iron Management Consultants (IMC). Mary reports to Stella Chrome, who is the principal of IMC. Gold Retail Ltd (GRL), a company, which is facing financial difficulties, is a client of IMC. Liam Silver is the sole director of IMC. Liam is suffering from the effects of long Covid and increasingly leaves it to Ana to make decisions about the company. Mary in turn takes instructions from Stella. Despite IMC being unable to pay its debts, Stella devises a risky plan to make IMC profitable again. Mary implements the plan. The plan fails, and, Delia Zinc, a liquidator is appointed. Delia intends to apply to the court to make Mary and Stella responsible for the debts of the company under s 301 of the Companies Act 1993.
explain whether a court may find Mary and Stella liable for the debts of IMC.