If the application is successful and a liquidator is appointed to the firms, it would be the largest winding up in the history of the Irish State.
Mr O’Floinn said his side has done its best to comply with a timetable for exchanging legal documents. However, given the complexities involved they will not be able to furnish legal submissions in time for next week’s planning hearing.Kelley Smith SC, instructed by William Fry Solicitors, for the creditors, opposed the adjournment.
Given the urgency of the matter and the size and scale of the businesses sought to be liquidated, the judge said he was not prepared to put the matter back any further than the end of the month. The four creditors that have petitioned the court for orders winding up the GTLK firms are: Dublin-registered Trinity Investments DAC; Allestor Europe Multi Asset Portfolio, which is a sub-fund of Allestor Capital ICAV; Ben Oldman Special Situations Fund LP; and Sona Credit Master Fund Limited. The latter two companies are registered in the Cayman Islands.
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Source: IrishTimes - 🏆 3. / 98 Read more »