TV PRESENTER and model Glenda Gilson and her brother Damien have been warned by a High Court judge they must provide a statement of financial affairs for a wound-up car sales company of which they are directors.
Ms Justice Mary Finlay-Geoghegan said yesterday the Gilsons had two weeks to provide the statement, failing which they could face proceedings to have them attached and brought before the court for the purpose of explaining why they should not be jailed. She adjourned the matter to June 27th.
Last March, the Gilson Motor Co, Annaly Drive, Ongar Wood, Dublin, was wound up by the High Court after it failed to pay €141,937 in taxes to the Revenue.
Ms Gilson and her brother, listed as directors of the car sales firm, did not contest the order.
The court appointed Gary Lennon of Lennon Corporate Recovery as liquidator, and ordered the Gilsons to file a statement of affairs within 21 days.
The matter was in the High Court examiner’s list yesterday when counsel for the liquidator said there had been a failure to file that statement of affairs.
Counsel for the Gilsons sought a two-week adjournment saying there had been a “parting of ways” between the directors and their former accountant.
Ms Justice Finlay Geoghegan said it was extremely serious that the directors were not complying with their obligations.
There would come a time when the court would have to attach and commit them to prison unless they did so, she said.
If the statement of affairs was not provided, the directors would have to appear personally before the court on June 27th to explain why, the judge said.
She would also have to deal with the question of costs on that day and the directors should be aware of the “full consequences” of that, the judge added.