Superquinn battle intensifies in High Court

THE battle over the future of Superquinn has intensified at the High Court with claims by two of its directors that the appointment of joint receivers to the retail chain this week was invalid, while the receivers disputed the validity of a company resolution to present a petition for examinership.

Superquinn directors David Courtney and Kieran Ryan, through their counsel Bernard Dunleavy, signalled their intention to seek injunctions restraining Kieran Wallace and Eamonn Richardson of KPMG acting as receivers. The receivers were appointed last Monday evening by Bank of Ireland, AIB and National Irish Bank to the troubled retail chain.

Brian Kennedy, for the receivers, said they wanted the court to decide if a valid resolution had been passed by the Superquinn company board last Monday to present the petition seeking the appointment of an examiner to the trading side of the company.