An examiner has been appointed by the High Court to come up with a survival plan for a digital media company behind Joe.ie.
The court heard there has been 14 “credible” expressions of interest in the firm.
Mr Justice Michael Quinn earlier this month appointed Shane McCarthy 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 and ran into significant solvency/financial issues which led to BPC Lending Ireland, owed more than €6m, seeking the appointment of an examiner.
Today, after hearing submissions from BPC Lending, from the landlord of its premises, the interim examiner, the company itself and from Revenue, the judge was satisfied to appoint Mr McCarthy as examiner to come up with a scheme of arrangement for the firm.
The appointment was sought by Kelly Smith BL, for BPC Lending, of Molesworth