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6 of Carroll firms' examiner bid fails

Carlow52 · 2009-07-31 16:47:59

http://www.rte.ie/business/2009/0731/carroll.html Given the 2 year backlog in the SC this decision gives plenty time for NAMA to be up and running

31-07-2009 4:47pm

#1

Carlow52

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http://www.rte.ie/business/2009/0731/carroll.html

At the Commercial Court his afternoon, Mr Justice Peter Kelly said he was refusing the application on the basis that he was not convinced that the companies had proven that they met the legal test of having a reasonable prospect of survival.

However, while expressing some misgivings, the judge did grant a stay until Tuesday on his refusal to extend the court's protection, so that the companies could lodge an appeal with the Supreme Court before a receiver were appointed.

Given the 2 year backlog in the SC this decision gives plenty time for NAMA to be up and running

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#2 31-07-2009 11:02pm

Dob74

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I think judge Kelly got this one right. Hopefully there will be no grounds to appeal.
Let the fire sale begin and lets get to the bottom of the market instead of the NAMA scam.

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