Legal

Mac Interiors left ‘shocked’ as High Court rejects €26m debt rescue deal

The Newry-based fit-out and construction firm has been in examinership since May while it sought to develop a bid to save itself from insolvency

Paul McKenna, chief executive of Mac Interiors, said that the firm was “shocked and disappointed”

A proposed scheme of arrangement to save a construction company which owes Revenue €13 million will not be approved, the High Court has heard.

Mac Interiors, a Newry-based fit-out and construction firm, had been in examinership since May while it sought to develop a bid to save itself from insolvency.

Revenue had opposed the scheme, which would have resulted in an almost complete write down of its debt. It had challenged it on the basis ...