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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.
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Judge extends protection period to allow examiner to outline new proposal to court on Tuesday
They had previously been asked if they'd pay an extra €60k as the cost had been underestimated
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Revenue, which is owed €13m, opposed plan on legal grounds
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.