Form No. 122 - Points of claim under section 542(1)

Director liability without limitation: personal responsibility for company debts where a director knowingly participates in fraudulent conduct.

Pleading under section 542(1) alleges incorporation, a court winding-up order and insolvency with an estimated deficiency, and that the respondent, as a company officer, knowingly participated in fraudulent conduct. It claims a declaration that the respondent is liable without any limitation of liability for the company's debts, seeks assessment of the debt amount if necessary, an order for payment following an account, costs, and further relief, and complies with Form No. 122 requirements for particulars and factual averments.