Courts / Dublin / Report
Council can take part in contested bid to wind up recycling firm
Summary
Fingal County Council has been authorised by a High Court judge to submit a sworn statement in a contested application to wind up Cloughwater Plastics Ireland Limited, a plastics recycling firm. The application was brought by two creditors within the Van Werven Group, who argue the company is insolvent and cannot meet its debts. The creditors, Kunststof Recycling Van Werven BV and Van Werven Plastic Recycling Holding BV, claim they are owed €1.86 million and €477,000 respectively, and seek the appointment of provisional liquidators. Cloughwater's director, Mr Shane Woods, and the company's managing director deny insolvency, describing the dispute as a shareholder matter. The court has allowed the council to file its statement and will hear the case again on Friday. The firm employs 35 people and operates a recycling facility in West Dublin.
Who, what, where, when and why
What: Report matter: Council can take part in contested bid to wind up recycling firm. Procedural stage: hearing_or_decision
When:
- 2023-02-15 Publication
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