Court gives examiner deadline to get investment for bar group firms

THE examiner of companies in the Capital Bars Group which operate several well-known Dublin bars, including Cafe en Seine, The George and Howl At the Moon, has until next Thursday to secure investment vital to his preparation of survival proposals for the companies. Some 175 jobs hang in the balance.

Examiner Kieran Wallace has said he considers it likely that by Wednesday next he will procure the investment necessary for survival proposals to be formulated for the companies.

Allied Irish Bank, which is owed €25.5 million and is a secured creditor of the companies, has said it will not support survival proposals based on the investment offer in question. However, if the investment is procured, the High Court will have to decide whether to sanction the examiner’s proposed scheme.