Director cleared of pay breach

A director of a wound-up courier company who paid himself €1,700 a month, as salary, at a time when the firm was unable to pay its debts had not breached company law, the High Court ruled.

The liquidator of FF Couriers, with a registered office in North Strand, Dublin, sought a declaration under company law that William Day made around €10,000 in payments at a time when the firm was unable to pay other debts due.

Mr Day said the payments were to him as salary for his job in the company and were his only source of income to provide for his family.