Ireland’s KBC bank has put in a request to the high court to wind up the beleaguered Treasury Holdings and 15 related companies.
KBC is owed around €75m (£59.4m) by Treasury Holdings in the form of loans and guarantees for the development of Spencer Dock in Dublin.
However, Treasury Holdings claims that 300 jobs in Ireland and a further 100 internationally will be put on the line if they are liquidated, and has called for more time to liaise with potential investors.
KBC’s lawyers say that Treasury Holdings and subsidiary companies are wholly insolvent.
As well as Treasury Holdings, KBC is asking for companies including Querida Ireland Holdings, Spencer Dock Development Company and Robheat to be wound up.
sophia.furber@estatesgazette.com
