Case against ‘vulture fund’-appointed receiver in south Dublin

A company has secured a temporary High Court injunction preventing a ‘vulture fund’-appointed receiver from carrying out any of his functions in respect of a south Dublin property consisting of several apartments and a car park.

The injunction was secured by Pikesville Holding Limited in its proceedings against Pentire Property Finance DAC and insolvency practitioner Tom Kavanagh following his appointment as receiver over a car park serving several retail units and a number of apartments at Killinarden, Dublin 24.

The injunction restrains both the fund and Mr Kavanagh from taking any steps or exercising any powers on foot of the deed of appointment of July 26 in respect of the property at the centre of the dispute.