Limerick directors win case but lose costs

A Limerick couple whose restaurant business went bust have been refused their High Court costs after the firm’s liquidator failed to obtain a restriction against them. Austin and Jacqueline Gibbons’ company, Kranks Korner Ltd, had run a restaurant on

14th March, 2009

A Limerick couple whose restaurant business went bust have been refused their High Court costs after the firm’s liquidator failed to obtain a restriction against them. Austin and Jacqueline Gibbons’ company, Kranks Korner Ltd, had run a restaurant on Thomas Street in Limerick.

In April 2004, the couple resolved to wind up the company. After two creditors’ meetings which nobody attended, Shane McCarthy was confirmed as liquidator. The lease of the restaurant...

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