Courts / Dublin / Report
Examiner appointed to operators of Leopardstown Inn
Summary
The High Court appointed Mr. Anthony Weldon of Kieran Ryan & Co Chartered Accountants as an interim examiner for Hyper Trust Limited, the operator of the Leopardstown Inn, a public house in South Co Dublin employing 80 people. The appointment followed AIB's demand for immediate repayment of €6 million owed by Hyper Trust and its subsidiary Hyper Holdings Ltd. The loans were used to acquire a 19 % stake in Newstalk 106 radio station and for renovations of the pub. AIB had appointed receivers after the company failed to repay. Hyper Trust petitioned the court for examinership, and an independent accountant's report indicated the company had a reasonable prospect of survival as a going concern if it secured new investment, reached a scheme of arrangement with creditors, and restructured its banking liabilities. Mr.
Who, what, where, when and why
What: Report matter: Examiner appointed to operators of Leopardstown Inn. Procedural stage: hearing_or_decision
When:
- 2014-10-23 Publication
Places mentioned
- Aodhan O'Faolain The High Court
- High Court
- Brewery Road
Topics
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