4)La Rosh Ltd was incorporated in 2015 as a private limited company.

During 2019, the company faced serious financial problems due to a decline in demand and creditors have put a claim against the company leading it into administration.

The bank has forfeit all of the companys assets and the unsecured creditors are asking for legal advice in suing the shareholders for damages.

Required:

By reference to a relevant case, discuss whether the companys creditors could claim payment from the companys owners and explain the cases under which the creditors might ask for the lifting of the corporate veil.