Vitural Pty Ltd is a company in a tyre wholesale business. The Binz family hold all shares of company. Vinh Binz and his wife working in company as director.

The company meet up some trouble because the competitor, however the broad of director kept to allowing for purchase more tyres to the store.

Moreover, some orders could not paid on due. At the time when the company was in a financially precarious position, the company granted a 5 year lease of the premises it owned at a fixed rent substantially below current market value to two of its directors.

The lease contract included an option in favour of the tenants (directors) to buy the premises again at a fixed price substantially lower than the market value. The granting of the lease together with the option was authorised at a general meeting of the shareholders of the company.

1 year later, the company went into liquidation.

My question is

The creditors would like to take some solution for this problem

Moreover, Vinh and his wife has a breach of director duties? which rules or case study can be support for it

What are the implications for the director?