A provisional liquidator has been appointed by the High Court to the operators of a private third level college.

An application seeking the removal of the liquidator appointed to a third-level college whose closure left hundreds of students "high and dry" has come before the High Court.

The Government’s decision to allow companies apply for examinership in the Circuit Court rather than the High Court is a small step in the right direction, but it falls a long way short of its stated aim of providing affordable and accessible restructuring options for SMEs.