The directors of the Cork-based tech firm were allegedly told to set up a new phoenix-type entity called ‘Altada 2’ and ‘shake-off’ unsecured creditors owed millions
John Healy’s affidavit claims a secret ‘board meeting’ was held at the AI company to discuss a €500k emergency loan, which shareholders weren’t told about for two months
In an affidavit lodged with the High Court, liquidator John Healy of Kirby Healy outlines “significant concerns” around the emergency loan and charge against the assets of the troubled tech company last September