The High Court has appointed an examiner to prepare a survival plan for a digital media company behind Joe.ie.
There have been 14 “credible” expressions of interest in the firm, the court was told on Wednesday.
Mr Justice Michael Quinn earlier this month appointed Shane McCarthy of KPMG as interim examiner to Maximum Media Network (MMN), which was incorporated as Joe Dotie Ltd but became MMN in February 2013.
It employs 51 people and ran into significant solvency/financial issues which led to BPC Lending Ireland, owed more than €6 million, seeking the appointment of an examiner.
On Wednesday, after hearing submissions on behalf of BPC Lending, the landlord of its premises, the interim examiner, the company itself and Revenue, the judge said he was satisfied to appoint Mr McCarthy as examiner to prepare a scheme of arrangement for the firm.
The appointment was sought by Kelly Smith, for BPC Lending,
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