G.W.I. Ltd, Re

This is an application by Ere is Investments Limited (Err is) to have the rent payable by G.W.I. Limited under an Indenture of Lease dated the 12th day of August 1974 accruing during the period from the 28th of January 1986 to the 23rd day of July 1986 and amounting in total to £15,013.00 treated as an expense of the liquidation.

By the said Indenture of Lease dated the 12th of August 1974 Err is demised pact of the Kylemor e Industrial Estate at Ballyf er mot, Dublin, to Fc eedex Limited for the teem of 35 years subject to the cent of £16,711.80 or such greater rent as might be fixed in pursuance of the rent review provisions contained therein. The demised premises consisted as to 2,835 square feet of office accommodation and as the remaining 14,658 square feet of warehouse space.

It appears that by an Indenture of Assignment made in the month of December 1974 the interest of Freedex Limited in all of the premises demised by the said lease were assigned to and became vested in G.W.I. Limited.

On the 28th of January 1986 a petition was presented for the winding up by the Court of G.W.I. Limited and Mr. Tom Grace was appointed Provisional Liquidator thereof. On the 10th day of February 1986 an Order was made for the winding-up of G.W.I, and Mr. Grace was appointed Official Liquidator.

As at the date of the commencement of the liquidation the rent payable under the headlease was £33,000.00 per annum and had been paid up to the 31st of August of 1985. A further £22,000.00 had accrued due from that date to the date of the appointment of the Official Liquidator.