On 23 December 1997 a receiver was appointed to Squash (Ireland), on foot of a debenture held by Lower Mount Limited, previously known as Lower Mount Nominees Ltd.
An application was subsequently made to the High Court on 26 January last, on foot of a petition of one of the company creditors, seeking the appointment of a liquidator. This petition was granted at a court hearing on 9 March last, with the appointment of Mr. Joseph Moreau as the official liquidator. The court in a ten point order directed inter alia that the company be wound up under the provisions of the Companies Acts 1963-1990. I understand the matter was considered again by the court on 20 April last, with a further hearing scheduled for 11 May next.
In the event that any party has information concerning fraudulent activities or information relating to sums owing by the company, these matters should be brought to the attention of the liquidator in order that it may be properly investigated.