Masterchef Ireland co-presenter Nick Munier has initiated High Court proceedings aimed at having a deal to buy out his shareholding in Dublin's Pichet restaurant implemented.
On Monday, the court heard a dispute had arisen over an alleged delay in implementing the deal to buy Mr Munier’s shareholding in Pichet restaurant on Trinity Street, Dublin.
After a mediation process, terms of settlement of legal proceedings brought by Mr Munier, related to the operation of Dillmel Ltd, the operating company of Pichet, were agreed but had not been implemented, the court was also told.
Mr Munier's proceedings were brought against Frank Gleeson, Marie Gleeson, Pichet head chef Stephen Gibson and Sean Hawkshaw, and related to matters including disputes over shareholdings and directorships in the company.
Mr Munier alleged the affairs of the company were being carried out in a manner oppressive to him in breach of the Companies Act.
He had also brought the proceedings against Dillmel solely for the purpose of implementing any orders made.
The buyout deal was due to close on November 17th, but the settlement was not implemented, the court also heard.
Counsel for the respondents said failure to implement the terms arose because his side had become aware of “significant irregularities”.
If Mr Munier’s side wanted to bring proceedings to enforce the terms of the settlement, “rather than engage”, that was a matter for them, counsel added.
Gary McCarthy SC, has been given permission by Mr Justice Paul Gilligan to serve short notice of proceedings on the defendants in relation to implementation of the settlement.
Counsel said his side believed there was an attempt to stall the setting up of a new business by his client from the settlement monies.