Bid to wind up Irish Asphalt

An application to wind up Irish Asphalt Ltd has opened before the High Court.

James Elliot Construction (JEC) has brought the petition seeking the appointment of a liquidator to the firm, which is part of the Lagan Group of companies, over an alleged unpaid debt of more than €2.4m.

The application is opposed by Irish Asphalt, directors of the firm, and related entity Lagan Holdings Ltd, which is Irish Asphalt’s largest creditor.