Couple’s occupation of Co Kildare house holding up €5.6m sale for AIB

A couple’s occupation of a house in Co Kildare is holding up the proposed €5.6m sale of the property by AIB-appointed receivers, the Commercial Court has heard.

AIB and receivers it appointed to Dan Morrissey (Ireland) Ltd, the company which allegedly owns Ballyburn House, Castledermot, Co Kildare, want to sell the property in order to reduce a €26.9m debt owed by the concrete and quarrying firm to the bank.

The receiver has an agreement in place to sell the property for €5.6m but is unable to close the deal because it claims Philip Morrissey Jnr has asserted an ownership interest and is in occupation of Ballyburn House.