Commercial Court dismisses company’s challenge to receiver sell-off of former nursing home

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 98%

Business News News

Business Business Latest News,Business Business Headlines

Aperee liviing had defaulted on loans with AIB

The Four Courts. The Commercial Court has dismissed a challenge by a company to moves by receivers to sell off a repossessed former nursing home. Photograph: Bryan O'Brien/The Irish TimesThe Commercial Court has dismissed a challenge by a company to moves by receivers to sell off a repossessed former nursing home.

Mr Byrne and Mr Anderson were appointed receivers over the nursing home in 2017 by AIB due to Aperee’s default on borrowings. On Monday, Ciaran Lewis SC, for the receivers, applied for the Aperee proceedings to be dismissed over a failure of the company to comply with a court direction that it deliver a statement of claim. There was no appearance on behalf of Aperee.

There was also no appearance on behalf of the company when the receivers applied to the court to lift a legal warning, known as a lis pendens, which had been placed by Aperee over the sale of the property, he said. The company had never come forward to explain why a statement of claim was not delivered, he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines