Superquinn directors’ evidence differs

MEMBERS of Superquinn’s board of directors have differed on whether it made a formal decision to apply for examinership shortly before a receiver was appointed to the supermarket chain.

In a preliminary action before Ms Justice Mary Finlay Geoghegan, the court must decide if a meeting on July 18 of Superquinn directors was validly resolved in circumstances where one director is disputing claims by two others that the company had passed a resolution to bring the petition for examinership.

Two Superquinn directors, Kieran Ryan and David Courtney, told the court all three directors formally and “unanimously agreed” to seek to have an examiner appointed to the company, at a meeting held hours before Bank of Ireland appointed receivers to the chain.