【分析解答题】

Computer Ltd has been solely managed by Michael, who is the managing director of the company.Ever since the incorporation ofComputer Ltd,Computer Ltd has received the financial support from Fashion Ltd, its holding company wheneverComputer Ltd is in financial crisis.Several months ago,Computer Ltd was insolvent. Upon the representation from Michael about the financial support from Fashion Ltd toComputer Ltd,Bank Ltd loaned toComputer Ltd the sum of HK$5 million without security.Computer Ltd is now being wound up by its creditors.By reason of a sudden change in the structure of Fashion Ltd two months ago, Fashion Ltd has refused to give further financial support toComputer Lt

D、Required:In relation to company law, adviseBank Ltd as to whether Michael is liable for fraudulent trading under section 275(1) ofCompanies OrdinanceCap 32). (10 marks)