Trusted by the judiciary, government lawyers, prosecutors, and many leading counsel. Click here to request a subscription.
|
or click here to request site subscription to search and view all judgments |
High Court refuses to give directions to a liquidator of a company concerning investigations into the withdrawal of support for the company by a related company, where the liquidator had been appointed by resolution after notice of application for a court-appointed liquidator, on the grounds that: (a) the court should only interfere in the activities of a liquidator if he had acted utterly unreasonably; (b) impugning the integrity of a liquidator required more than allegedly suspicious circumstances; and (c) in this case, the applicants, who were the beneficiaries of an arbitral award against the company, had not challenged the appointment of the liquidator.
Company law - application for directions - investigation and analysis by liquidator of company - purchase of apartment from company - arbitral award arising from nuisance - €100K plus costs - petition to wind up company - creditors meeting convened following application - appointment of liquidator - withdrawal of support for company by a company which had common members - whether court should interfere with acts of liquidator - whether liquidator had acted unreasonably - failure of applicants to challenge appointment of liquidator.
Note: This is intended to be a fair and accurate report of a decision made public by a court of law. Any errors should be notified to the editor and will be dealt with accordingly.
The only fast reporting service for all Irish judgments over the past ten years. Click here to request a subscription.
Register Now