Court adjourns approval of ‘Buy and Sell’ sale

The provisional liquidator appointed to the company that publishes Buy and Sell magazine, yesterday asked the High Court for permission to sell it to a subsidiary firm of the Denis O’Brien-owned Communicorp.

Lawyers for Neil Hughes, who was appointed provisional liquidator earlier this month, asked the court to approve the sale to Demirca Ltd for €311,000 in what they described as the best interests of Buy and Sell’s creditors.

Mr Justice Anthony Barr adjourned the application until tomorrow to allow a rival bidder, Midland Web Printing Ltd, which prints the magazine, to consider more fully its opposition to the court approving the sale to Demirca.