INVITATIONS to attend the launch of a free advertising campaign designed to aid local business people by the Limerick Independent newspaper, have been declined by Mayor Kevin Kiely and Deputy Willie O’Dea.
Deputy O’Dea told the Limerick Post that he had declined the invitation to attend the launch following a recent High Court winding up-order.
Mayor Kiely said he had initially agreed to attend, but on reflection, had a change of mind.
“As Mayor, I would not allow myself to be in a situation where someone has wound up a company and has substantial debts”.
Limerick Independent Newspapers Ltd was wound up last month owing €93,000 to its printers, and €265,000 to Revenue.
This week, the managing director of the Limerick Independent newspaper was ordered by the High Court to submit a statement of affairs for the company previously in charge of the newspaper, which was placed in compulsory liquidation last month.
Declan and Susan Moylan, directors of Limerick Independent Newspapers Ltd, which was placed in liquidation, were obliged to submit a statement of affairs within 21 days of the last court hearing in early May.
A court official told Ms Justice Finlay Geoghegan this Monday that there is “very little money” placed in liquidation to date, and a bond was granted to cover the liquidator’s costs, following the submission of an affidavit by liquidator Mr Brian McEnery.
A recently established company is now running the freesheet paper.
On April 8, Declan and Susan Moylan, Clonmacken, Ennis Road, registered a new company, Lenmoy Media Publications “to carry on the business of the production, publication, editing and distribution of a free sheet newspaper”.
However, they have stepped down as directors of Lenmoy, with Declan Moylan’s sister and brother, Barbara and Rory Moylan, appointed at the end of May.
The case will again come before the Examiner’s Court on Monday, July 19.
