When will a transaction constitute a transaction at an undervalue under section 238 of the Insolvency Act 1986? The case of Ovenden Colbert Printers Ltd Hunt v Hosking [2013] EWCA Civ 1408, [2013] All ER (D) 188 (Nov) looks at this, where the Court of Appeal upheld a decision that the first defendant (Mr Hosking) had been entitled to have a claim brought against him by the liquidator of Ovenden Colbert Printers Ltd (Mr Hunt) under section 238 of the Insolvency Act 1986 (IA 1986) as a transaction at an undervalue struck out.The Court of Appeal decided the judge at first instance, Mr Justice Peter Smith, was correct to find that the relevant transactions complained of had not been transactions entered into by the insolvent company.