A High Court judge has adjourned proceedings to restrict two directors of a Cork wedding dress company which went into liquidation last year with some 180 dresses on its order book.
The Wedding Dress Shop in Penrose Wharf, Cork, was wound up in April last year, with debts of € 1.1 million. Gerard Muprhy, a chartered accountant, was appointed liquidator on April 7th, 2006. A sister store in Kenmare, Co Cork, closed in March 2006.
In proceedings mentioned briefly before Ms Justice Mary Finlay Geoghegan yesterday, restriction orders under Section 150 of the Companies Act are being sought against Judith Linehan, owner of the store and company secretary, formerly of Aughadoun House, Meenane, Watergrasshill, Co Cork, but now with an address in England; and Margaret Tobin, of Aisling, Scartbarry, Watergrasshill.
The judge adjourned the proceedings to June 18th to allow for service of legal documents on the directors. The company was incorporated in 1994 with a registered office at Penrose Quay.
In a statement of affairs presented to a creditors' meeting on April 7th, 2006, the directors estimated the fixed assets at €4,000 and liabilities of €1.1 million. Some 300 people attended the meeting but many left when told there was little chance of recovering their losses.