Page 2 - Mac Interiors News Today

Mr Justice Michael Quinn made the order after being informed by the company's examiner Mr Kieran Wallace that it was not possible to put together a modified…

Mr Justice Michael Quinn made the order after being informed by the company's examiner Mr Kieran Wallace that it was not possible to put together a modified…

Mr Justice Michael Quinn made the order after being informed by the company's examiner Mr Kieran Wallace that it was not possible to put together a modified…

The judge had given the examiner until Tuesday to present an alternative proposal to the court

Counsel for the tax authority told the court that the firm remains insolvent and should be wound up

Case to be adjourned until Tuesday to permit a ‘revised, modified scheme’ which may address High Court’s concerns

A potential new investor could provide distressed fit-out firm Mac Interiors with a new lifeline after the High Court determined it could not approve a rescue plan that “erroneously” classed the firm’s creditors, the High Court has heard.

Judge extends protection period to allow examiner to outline new proposal to court on Tuesday

The Newry-based fit-out and construction firm has been in examinership since May while it sought to develop a bid to save itself from insolvency

The High Court has rejected a scheme of arrangement for Northern Ireland firm Mac Interiors where the Revenue Commissioners was owed €13m in warehoused taxes.