Electrical firm wants €41k payment dealt with outside Supple rescue plan

AN electrical firm sought to have a sum of €41,000 dealt with separately in the High Court in a case where a construction firm is offering some of its creditors 75 cents in the €1.

Creditors to whom the scheme is proposed to apply are owed €14.4 million.

Gary McCarthy counsel for MJ McGrath Electrical of Dublin Hill, Cork, told the High Court yesterday that they were owed more than €200,000 from John F Supple Ltd, but wanted €41,000 which had been paid to Supple by Irish Rail “ringfenced” in favour of his client. Mr McCarthy said his client maintains the money is held in trust for them and should be dealt with outside the proposed scheme.