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Clerys liquidators could face court challenge

The liquidators of defunct Dublin department store Clerys could face a challenge in the High Court.

It is understood a company linked to Lorraine Sweeney, who owned the cafes at Clerys and has previously criticised the way the liquidation was handled, is planning to make an application to the court today, The Irish Times reports.

The nature of the application is not yet known and Sweeney declined to comment.

KPMG, joint liquidator of Clerys’s trading company OCS Operations, is due to give an update to the court this morning on its progress in the winding-up.

Guernsey real estate company Natrium, a joint venture between Irish property company D2 Private and discretionary funds managed by UK-based Cheyne Capital Management, bought Clerys for an undisclosed sum on June 12.

It immediately ceased trading, leaving 130 employees and another 330 concession workers unemployed.

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