The High Court has heard that the food business Fallon & Byrne, which runs a restaurant and gourmet food hall in Exchequer Street in Dublin, is insolvent and unable to pay a €1.4m tax bill.
Mr Justice George Birmingham granted the company protection of the court, by appointing the chartered accountant Neil Hughes as interim examiner to run the business as a going concern.
The court heard the company was still making a profit on an €8m sales turnover.
