The High Court is to consider if it is the appropriate court to hear an application by a company whose shareholders include rugby star Ronan O’Gara and businessman Michael O’Flynn to set aside a Personal Insolvency Arrangement (PIA) made in favour of fellow shareholder John O’Driscoll.
The application to set aside the PIA has been made by Ezeon Entertainment Limited, a company that purchased a Cork-based pub called ‘The Silly Goose’ in 2007.
Mr O’Gara, Mr O’Flynn, and Mr O’Driscoll, who are known to each other, were equal shareholders in the venture, which was funded by loans from Anglo Irish Bank.
Mr O’Gara and Mr O’Flynn claim that the courts were misled by Mr O’Driscoll in approving and upholding the PIA.
Mr O’Driscoll den…
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