Disqualification Cases 2013

Eamon McGreal & Keri Louise McGreal were disqualified for five years respectively from 11th February 2013.

11 February 2013


The Director of Corporate Enforcement AND Eamon AND Keri Louise McGreal. In the Matter of Mayo Truck Spares Limited AND In the Matter of Section 160 of the Companies Act 1990.

Mayo Truck Spares Limited

Company No: 341850

Registered Office: Ballyheane, Castlebar, County Mayo

Details of the Respondents

Eamon McGreal

Address: 8B Mons Terrace, Castlebar, County Mayo

Keri Louise McGreal

Address: Cloonliffen, Ballinrobe, County Mayo

Venue:

High Court, Dublin

Judge

Ms Justice Finlay-Geoghegan

The Application

Under Section 160(2)(h) of the Companies Act 1990 (as amended by section 42(b) of the Company Law Enforcement Act 2001), the Director may seek the disqualification of the directors of a company, which has been involuntarily struck off the Register of Companies pursuant to Section 12 of the Companies (Amendment) Act 1982.

Under Section 160(3A), directors may successfully defend such an application for disqualification by demonstrating to the High Court that the company had no liabilities at the time of involuntary strike-off or that any such liabilities were discharged before the date of the making of the disqualification application. Where it deems that a sanction is appropriate, the Court has discretion to either disqualify the director for such period as it deems fit or restrict him or her for a five year period.

Outcome:

On the 11th of February 2013, Eamon McGreal and Keri Louise McGreal who were directors of the company known as Mayo Truck Spares Limited were made the subject of a disqualification Order for a period of five years.

The effect of this Order is that Eamon McGreal and Keri Louise McGreal are disqualified from being appointed or acting as auditor, director or other officer, receiver Liquidator or examiner or being in any way whether directly or indirectly concerned or taking part in the promotion, formation or management of any company or society registered under the Industrial Provident Societies Acts 1893 to 1978 for a period of five years effective from the 11th of February 2013.

Court Rulings

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