Directors and shareholders of a Dublin-based English language school with 600 students has launched a High Court action aimed at preventing a fellow shareholder from taking money out of the company.
Barrister Ross Gorman said the action has been taken to protect the integrity of Skills and Enterprise Development Academy Ltd, the school itself, and students who have already paid for courses in the college.
The application has been brought by Tiago Mascarenhas, a director and shareholder, Saiful Islam, a shareholder, and Ian Fleming, a director, in respect of the company which operates the English Language College at 68-72 Capel St, Dublin.
The action is against Mohammed Rezaul Karim, otherwise Rezaul Karim, and his wife, Mahbuba Sultana, who are based in the UK. It is also against John White, James Coyle, and Mohammad Bhuiyan who have purportedly been appointed to the board of the company.
Mr Gorman, counsel for the plaintiffs, said they wanted to ensure staff and host families for the students get paid and the college keeps its official government-sanctioned accreditation.
Counsel said his clients have had ongoing difficulties with Mr Karim and his wife who, it is alleged, have “acted in breach of company law”. There was a dispute and difficulties over the ownership of shares in the company.
It was claimed Mr Karim, who is involved in a number of English Language Schools in Ireland and the UK, had put the shares of the company in his wife’s name and had sought to extract money from the company which he regarded as a personal asset.
The matter came before Mr Justice Michael Twomey at yesterday’s sitting of the High Court. The judge, on an ex parte basis, granted the applicants permission to serve short notice of the proceedings on the defendants.
The judge adjourned the matter to a date next week.
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