Director of Corporate Enforcement to apply to appoint inspector to investigate INM

The Director of Corporate Enforcement is to apply to the High Court to appoint an inspector to investigate the affairs of Independent News & Media, the company has revealed.

Under section 748 of the Companies Act 2014, the court may appoint an inspector to investigate the affairs of a company, and to report on those affairs to the court, if the court is satisfied that there are circumstances suggesting that the affairs of the company have been conducted in an unlawful manner or on certain other specified grounds.