Courts / Dublin / Report

Liquidator secures freezing order on assets of college director

Summary

The High Court granted a freezing order preventing Mr Fakir Hossain from reducing his assets below €693,000 while the liquidator of Eden College, Mr Anthony J Fitzpatrick, seeks further orders. The liquidator, represented by Ronnie Hudson Bl, argues that fees paid by overseas students for courses never delivered may be dissipated. Mr Hossain, a Bangladeshi national with no income or commercial interests in Ireland, has interests elsewhere. The court heard that Mr Fitzpatrick's investigation alleges Mr Hossain, as an officer of Eden Further Education Ltd, conducted the business recklessly and with intent to defraud creditors. Mr Hossain was not present; he was served by e‑mail. The order was issued by Mr Justice David Keane. The case follows earlier temporary freezing orders against Mr Hossain and his wife, preventing them from reducing assets below €403,000. Eden College closed in April 2014 due to cash‑flow problems after suspension from the register of approved colleges.

Who, what, where, when and why

What: Report matter: Liquidator secures freezing order on assets of college director. Procedural stage: hearing_or_decision

When:

• April 2014 Other
• 2015-05-20 Publication

Why: The liquidator, represented by Ronnie Hudson Bl, sought the order because he fears that monies, which are fees paid to the college by overseas students for courses they never received, may be dissipated out of the jurisdiction. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report