Friday 18 January 2019

Stokes brothers may face trading battle

THE liquidator of a restaurant operated by a company of Simon and Christian Stokes is seeking High Court orders disqualifying the brothers from involvement in the management of any firm.

Tom Murray, liquidator of Mayfair Properties Ltd, operator of Bang Cafe on Merrion Row, wants disqualification and restriction orders under the Companies Act against the pair who also operated the Residence private members club in Dublin which went into receivership last year.

Damian Keaney, for the brothers, told Ms Justice Mary Finlay Geoghegan yesterday they may "take a certain course" in relation to the restriction order but the disqualification order was a different matter.

Counsel said the proceedings had been adjourned to yesterday when his clients were to file affidavits but that had not been done because his side had issues about the appropriateness of the appointment of accountant Simon Coyle to a committee of inspection set up, after a Mayfair Properties creditors' meeting, to assist the liquidator.

Mr Coyle attended the creditors meeting representing ACC Bank, which was then owed some €130,000 but this has since been paid. Mr Keaney said his side had believed they were facing disqualification and restriction applications under the Companies Act only and were concerned Mr Coyle may have influenced the position now being taken.

Bernard Dunleavy, for the liquidator, said the claims against the directors were serious. His client was concerned there was prevarication and an unwillingness to face up to the issues raised, counsel said.

Ms Justice Finlay Geoghegan adjourned the case for three weeks.

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