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Barrister Arthur Cunningham, for the Revenue, told the court on Thursday that Altada’s liquidator, John Healy of Kirby Healy Chartered Accountants, had now filed “two very substantial affidavits”, setting out the findings of his preliminary investigations into the company. However, the liquidator’s latest affidavit, which was received by the notice parties on Tuesday, sets out a number of serious allegations about the conduct of parties connected the company. Mr Cunningham said that there now appears to be “a material conflict” around the facts set out in the various affidavits.
that the directors of the company, including co-founders Allan Beechinor and Niamh Parker, were told to seek independent legal advice over the loan to which “exorbitant and punishing” terms were attached.
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