The High Court has confirmed the appointment of an examiner to three companies connected with the four-star Meyrick Hotel in Galway City.
However, Mr Justice Tony O’Connor said he was not satisfied to continue the protection of the courts to four related firms involved in the operation of other Galway-based businesses including the five star G Hotel and the Eye Cinema.
All seven companies are part of the Edward Capital Group which is controlled by businessman Gerry Barrett.
Deutsche Bank, which is owed more than €690 million by the group, had opposed the examinership.
Following the court’s ruling Gary McCarthy SC for the companies said his client would appeal the refusal to grant the four firms the protection of the courts.
The court agreed to put a stay in relation to the four companies it has refused to allow remain in examinership to early next week.