Mr Justice Rory Mulcahy said he was satisfied the company had a reasonable chance of survival, although noted that this was “entirely contingent” on external investment

Examinership allows court-appointed examiners up to 100 days to devise a rescue plan for a troubled company

The bar is part of the former Press Up hospitality and entertainment group founded by Patrick McKillen jnr and Matthew Ryan.

80 jobs have been saved at the country’s biggest print producer of mail shots, brochures and magazines including the RTE Guide