XL Fuels operator to open books

The operator of a fuel distributors has undertaken to provide books and records to a receiver, a court heard.

Receiver Kieran Wallace is, however, still not satisfied Michael Curran, a director of XL Fuels Group, Oldcastle Co Meath, is fully co-operating and wants to cross-examine him in the Commercial Court later this month.

Mr Wallace was appointed receiver over the business, which the court heard has a turnover of €28m, by Bank of Ireland arising out of a €2.26m debt to the bank.