Gilles Pty Ltd is a small gold miner. Thomas, Tahani and Michael are board members.Thomas is also a farmer and owns land that is adjacent one of Gilles' mines.On 1 September 2020, Gilles Pty Ltd decided to buy Thomas' property at its market value.Eleanor is a shareholder of Gilles Pty Ltd. She has become suspicious that the company is about to become insolvent. After getting access to the financial records of the company, it is clear that the company is not doing well. She is furious to learn about the purchase. On 10 October 2019, payment for the property is due, but Gilles Pty Ltd does not transfer the money to Thomas.Did the directors fail to prevent the company from trading while insolvent ?

Answer according to corporate act 2001