Wednesday October 21, 2020

Court to defer wind-up of Irish Asphalt

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

19th October, 2017
Justice Mary Finlay Geoghegan is to be promoted to the Supreme Court and will be replaced at the appellate court by Justice Paul Gilligan

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.

James Elliott Construction Ltd (JECL) applied for liquidator Jim Luby to be appointed to the insolvent materials provider over an undisputed €2.4 million unsecured debt. The JECL debt arose from the supply of defective construction infill containing excessive pyrite.

However the wind-up petition was opposed as...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 5 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 10 months ago