Court to defer wind-up of Irish Asphalt

Court to defer wind-up of Irish Asphalt
Justice Mary Finlay Geoghegan is to be promoted to the Supreme Court and will be replaced at the appellate court by Justice Paul Gilligan

Irish Asphalt is insolvent with net assets of €30 million against secured loans of €50 million

The High Court has agreed to defer the wind-up of Irish Asphalt Ltd (IAL) until it finishes defending a separate €40 million “deceit” law suit next year.

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