Thursday 14 December 2017

Stokes brothers face disqualification

THE brothers behind the Bang Cafe restaurant are facing proceedings to disqualify them from involvement in managing any company.

The liquidator of the company which operated the restaurant, which was wound up with debts of €2.4m, is proceeding with his bid for the orders under Section 160 of the Companies Act.

Brothers Simon and Christian Stokes already consented last March to orders restricting them acting as directors of companies for a period of five years, unless those companies meet minimal capital requirements.

Yesterday the High Court heard that Tom Murray, liquidator of Mayfair Properties, which operated Bang Cafe, intended to proceed with the Section 160 application.

Counsel for the brothers said they intended to proceed with a motion for discovery and were informed only on April 11 that the Section 160 matter was proceeding.

Ms Justice Mary Finlay Geoghegan said April 11 was some time ago. While the brothers should not be shut out from being allowed to inspect documents, a reply to the liquidator's affidavit must be provided by June 11 and any motion for discovery must be issued and made returnable to June 27 next.

Irish Independent

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