The statutory test for insolvency was met, according to the High Court. But that alone was not sufficient to tip the scales for the beleaguered confectionary company riven by internal division.
The shareholder rift at Broderick's got a very public airing this week as the High Court was asked to decide whether to appoint an examiner to the troubled food company. The Currency looks back at how the battle played out in court.
Revenue is sceptical examinership will resolve tensions between warring shareholders at the confectioner Broderick's which is mired in a hotly contested insolvency petition.
Having built up a multi-million euro confectionery business from a family kitchen, the company is now carrying substantial debts. Its shareholders are divided on its future and whether an examiner should be appointed.
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