Jobs safe after wind-up bid withdrawn
Earlier this week the High Court appointed a liquidator to Anam Mobiles Ltd, based at Hospitality House South Cumberland Street, Dublin 2, after being told the firm had failed to satisfy a debt of €1 million due to Revenue for unpaid PRSI and VAT. Its directors were also ordered to file a statements of affairs.
Mr Justice Mary Laffoy subsequently put a stay on that order pending the outcome of talks between the parties.
At yesterday’s sitting of the High Court Mr Justice Daniel O’Keeffe was told by Dermot Cahill BL for Revenue that the petition could be struck out with the consent of all parties. No details of the agreement between Revenue and Anam were revealed in open court.
In its petition Revenue sought to wind up Anam on the basis that it was insolvent and unable to pay its debts. The €1m debt, the court heard, was historic.
When the matter was before the High Court early last month Anam was granted a short adjournment so that it could obtain funds to pay Revenue.
Anam claimed it was set to sign an important contract with a multinational.
Arising out of that contract the court was told that a financial institution was prepared to advance the firm a loan that would satisfy Revenue’s demand.
When the matter returned before Ms Justice Laffoy on Wednesday, Revenue said it wished to proceed with its application to wind up the company, as the debt had not been satisfied. It applied to have insolvency practitioner Mr David Van Dessel appointed as liquidator.
Conor Cahill BL for the company said Anam had found itself “between a rock and a hard place” because the contract with the multinational was put on hold due to Revenue’s petition.
The judge initially granted an order winding up the company, and appointed Mr Van Dessel as liquidator.
However, a short time later, following talks outside the court between the sides, that order was put on hold until yesterday when the petition was struck out.
