Superquinn directors may be questioned in the High Court today as the wrangling over the future of the grocer continues.
According to the Irish Times, the High Court will be asked to decide whether an application to appoint an examiner to Superquinn – which fell into administration last week – which was made last week after joint receivers were appointed to the company was validly made.
The court will decide whether the petition was brought within the three-day period as set out in the Companies Act and whether the application for court protection constituted “exceptional circumstances”.
A representative of Musgrave, the proposed buyer of the group, said it intended to make submissions to the court ahead of Thursday’s hearing. If the court concludes the petition can be heard, the hearing will proceed on Thursday, when it will be opposed by the banks and Musgrave Group.
Superquinn fell into administration last week but was bought by Musgrave Group the next day. The sale is now being challenged.
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