Bank can sell Barry’s shares

A COURT ruling has cleared the way for Allied Irish Banks to seek the sale of some 90,000 shares in Barry’s (Cork) as part of its effort to enforce an €8 million judgment order obtained against company director Donagh Barry.

At the Commercial Court yesterday, Mr Justice Peter Kelly confirmed a charging order made over the 90,000 shares, a 9% shareholding, held by Mr Barry in Barry’s (Cork), an unlimited company, of Kinsale Road, Cork.

A copy of the court order will now be placed on the public file of the company and the judge also granted AIB liberty to apply to the court, on notice to Mr Barry, to sell the shares.