Creeslough examinership extended for another month

The High Court has extended the period of examinership which is protecting the Creeslough supermarket, filling station and pub owned by Danny Lafferty.

The Irish Times reports this morning that Mr Justice Peter Kelly expressed concern at the length of time the examinership was taking, but added he is aware there were “25 jobs at stake” and there was “a good deal of support in the area, evidenced by a meeting of residents”.

He agreed to extend the time to complete examinership to June 1st, which he said was “the outer limit” of what legislation would allow.

AIB and the Revenue Commissioners, the notice parties in the case, did not object to the extension.

In court yesterday, Mr Justice Kelly was told there were two potential investors for the businesses and it was expected they would make offers by the 22nd of this month. It was also noted that Mr Lafferty intends to sell some non-core property at public auction later this month, the proceeds of which would be used to pay creditors.

The judge said he was concerned at the delays in what was “a small examinership by the standards of this court”.