Treasury challenges Nama receivers bid

Treasury Holdings gave an “unequivocal” undertaking earlier this month not to bring a legal challenge to the appointment of receivers over several of its assets if Nama allowed a two-week “standstill” period which Nama had given, the High Court was told yesterday when Treasury’s challenge to those receivers came before the court.

Cian Ferriter SC, for the agency, said he was instructed to put the point about the January 10 “standstill” agreement on the court record.

Michael Cush SC, for Treasury, said his side did not agree but that issue would be determined in due course.