120 jobs go as Whelan group wound up
The companies have 2,000 creditors with the largest secured creditor being the National Assets Management Agency which has taken over some €50 million debts owed to Anglo Irish Bank and opposed examinership due to the proposed large write down of secured debts.
Irish Cement Ltd, owed €4m of a total €10m due to unsecured creditors and Lagan Cement, owed €383,000, also opposed examinership.