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Company deemed to be insolvent where invoices to subsidiaries remained unpaid
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High Court grants order to wind up company, on grounds that the company was deemed to be insolvent and there was no bona fide dispute as to the moneys due to the petitioner, although invoiced to subsidiaries of company.
Petition to wind up company - failure to comply with demand - s. 214(a) of the Companies Act 1963 - company deemed insolvent - debt of €53K alleged - whether bona fide dispute as to debt - whether demand properly served - whether petitioner should have invoiced companies within group individually rather than the parent company - whether in breach of agreement - whether company could establish practice of not discharging invoices addressed to subsidiaries - attitudes of other creditors - appointment of official liquidator.
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