Executive Summary 

The recent case of Dingley and others v Nisa Retail Ltd (Re MKG Convenience Ltd (in liquidation)) [2019] EWHC 1383 (Ch) demonstrates three interesting facets of section 127 of the Insolvency Act 1986:  

1 That it is still very difficult to avoid the implications of S127 in relation to any disposition, whether by payment from a bank account, transfer of assets or other transactions such as the issue of credit notes with a validation order;

2 that direct debts are not excluded in any way; and