AN interim examiner has been appointed by the High Court to a company involved in the sale and repair of mobile phones, laptops and other devices.
Cantec Office Solutions Ltd, operating under the brand name click.ie, employs 47 people in 10 stores around the country. An independent expert considers its business is "viable", Ross Gorman BL, for the company, told the court.
On Wednesday, Mr Justice Brian McGovern granted court protection to the company and appointed Joseph Walsh, of Baker Tilly Hughes Blake Chartered Accountants, as interim examiner.
The judge has returned the matter to February 23.
The judge made the orders on the petition of the company, with registered offices at Kells Road, Navan, Co Meath, supported by an independent expert's report expressing the view the company has a reasonable prospect of survival, provided certain conditions are met.
The company was set up in 2000 and last year underwent a change in ownership.
Its directors are Shane O'Neill, New Bridge Drive, Sandymount, Dublin and Umar Unwar, Clonfurrish, Ballynacally, Co Clare.
In its petition, the company said, after the change in ownership, previously undisclosed and contingent liabilities came to light which had to be dealt with by the new management team.
The company is insolvent, but has a reasonable prospect of survival, it said.