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...
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