Property developer Michael O’Flynn spurned €1 postal order from ex-business partner as debt dispute persists

Mr O’Flynn has refused to accept a €1 postal order sent to him on behalf of John O’Driscoll, Mr Justice Alexander Owens was told on Monday.

‘It wasn’t a home – it killed them’: The young couple killed in an apartment fire and the safety defects that remainMr O’Driscoll, from Ovens, Co Cork, denies he was solvent when the PIA was approved. That PIA involved debt of €339,000 but Mr O’Flynn’s debt was listed as a contingent liability and given a nominal value of €1. This was because he had not proved it during the PIA process.

The Supreme Court ruled last November Mr O’Flynn had a right to contest the PIA in court despite earlier failing to “prove his debt”. The litigation arising out of Mr O’Flynn’s bid to oppose the PIA had been conducted in a “combative”, “confrontational” and “unhelpful” way, she said. Mr O’Flynn, counsel said, had asked for an order that his debt was €1 and a €1 postal order had been sent to him, Mr Rooney said. The stamp on that letter “cost more than the postal order”.

As soon as the PIP lost the Supreme Court appeal, they had said “here is a euro”, which “entirely changes” the position, counsel said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

High Court grants injunction preventing Greg Kavanagh and his company from trespassing on widow’s propertyProperty at Inchanappa House is located in Ashford, Co Wicklow
Источник: IrishTimes - 🏆 3. / 98 Прочитайте больше »

European shares rise as Fed chair comments drive property stocksDublin-listed home builders up as real estate stocks advance
Источник: IrishTimes - 🏆 3. / 98 Прочитайте больше »