Courts

Friday 1 August 2014

Businessman in hospital after legal papers served

Ray Managh and Aodhan O’Faolain

Published 29/08/2013|14:48

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A company director who was served with legal proceedings over the weekend checked himself into hospital the following day, the High Court has heard.

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Graham Kenny, of Lyons Kenny Solicitors, for joint liquidators appointed to a promotions company, told the court that the documents had been served at the Co Meath home of director Alan Barrett on Saturday.

Barrett, of White Ash, Ashbourne, is joint owner of Eventelephant Ltd whose clients include Arsenal and Newcastle United soccer clubs, the Irish Rugby Football Union, British Airways, RTE, the Law Society and An Post.

Ms Justice Mary Laffoy told liquidators Joseph Walsh and Neil Hughes to write to Barrett at St John of God’s hospital informing him of a court order she granted in his absence directing Permanent TSB to give them details of his personal bank account.

Seamus Breen, counsel for the liquidators, said his clients had already obtained a Mareva injunction freezing Mr Barrett’s bank account.  

He said that while the liquidators had only the last four digits of the account number, Lyons Kenny Solicitors had been informed there was only a one-in-10,000 chance of this not being Mr Barret’s personal account. 

Mr Breen said the liquidators believed transfers of sums of money from the business appeared to have gone into what was believed to be Mr Barrett’s personal account.

Judge Laffoy made the order compelling Permanent TSB to disclose Mr Barrett’s bank account details under the Bankers Act.  She heard that the liquidators were seeking knowledge of where money from Mr Barrett’s account were transferred.

The Ashbourne-based company has been in Examinership since July last. The High Court, having heard on August 7 that Eventelephant had no prospect of survival, ordered the winding up of the company which creates webpages to advertise and sell tickets for various events.

Mr Justice Paul McDermott on August 7 had ended the Examinership by removing the court’s protection of the company from its creditors and appointing the liquidators.

Judge McDermott had heard there were concerns about a criminal investigation into the company by the Revenue and about €1.4million that had not been paid to parties who had organised particular events.

Eventelephant Ltd was set up by Mr Barrett and Mr Ron Downey, a UK citizen, in 2008.  Its main creditors are the Revenue and AIB bank. 

Earlier this year Eventelephant Ltd was the subject of a number of complaints to Joe Duffy’s Liveline programme on RTE.

Judge Laffoy granted leave to any party affected by her order to apply to the court either to vary or discharge her order.

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