Courts / Dublin / Report

Irish registered mining business wound up after failing to repay £18.6m loans

Summary

In March 2015 the High Court ordered the winding up of Oman Resources Ltd, an Irish‑registered mining and exploration company incorporated in 2008. The court found the company insolvent and unable to meet its debts as they fell due. Mr Justice Paul Gilligan appointed Kieran Wallace of KPMG as liquidator and directed the directors to file a statement of affairs within 21 days. The winding up was prompted by a petition from The Niche Group Plc, which had loaned the company £18.6 million in four facilities between May 2010 and April 2011. The Niche Group had issued a letter of demand for repayment, which Oman Resources failed to honour. The company had initially opposed the application but later consented to the appointment of a liquidator. The Irish Revenue Commissioners were also parties to the proceedings. The case was listed before the Examiner's Court in April 2015.

Who, what, where, when and why

What: Report matter: Irish registered mining business wound up after failing to repay £18.6m loans. Procedural stage: hearing_or_decision

When:

• May 2010 Hearing Or Sentence
• April 2011 Hearing Or Sentence
• 2015-03-16 Publication

Places mentioned

Topics

Stage Hearing Or Decision

Related court reports

• Man charged with having 56k child abuse images and videos remanded on bail
• Ex-Dáil hopeful's allegations against former employer 'complete fantasy', WRC told
• Mater must pay €10k to worker who said he was wrongly accused of abusing patient
• 'I think we know I won't be getting bail' - Daniel Kinahan charged with directing criminal organisation
• Letting agent who claimed alleged domestic violence victim abandoned tenancy by fleeing to refuge must pay €14.7k
• 77-year-old with 470 convictions told Luas staff to 'f**k off'

Read the original CNI report