High Court bid fails to save Carlow company

A bid by an examiner to mount a rescue scheme for Carlow company Whitelite Automation Ltd and 29 of its employees has failed, the High Court heard yesterday.

Barrister Eithne Corry told Mr Justice Bernard Barton that a potential investor had withdrawn its interest in the company and the examiner, Neil Hughes, of Hughes Blake, was seeking to have the company put into liquidation.

Ms Corry said the 100-day court protection of the company against its creditors ended yesterday and Mr Hughes considered the best interests of creditors would be served by Whitelite being wound up and its assets being sold off.