The proposed €1.3bn sale of Irish Life and Permanent’s life assurance business, the Irish Life Group, to the Minister for Finance undervalues the company’s “crown jewels”, it was claimed before the High Court yesterday.

Shareholders of Irish Life & Permanent have brought a legal challenge aimed at setting aside the High Court’s approval for Finance Minister Michael Noonan to purchase the group’s life assurance business, the Irish Life Group, for €1.3bn.

Shareholders of Irish Life and Permanent have brought a legal challenge aimed at blocking the Minister for Finance from purchasing the group's life assurance business, the Irish Life Group, for €1.3bn.

The newest member of the Irish Life & Permanent has accused the Minister for Finance, Michael Noonan, of acting improperly and trying to get his hands on the company’s profitable insurance business.

A company director who was voted on to the board of Irish Life & Permanent Group Holdings lost his court bid yesterday to force the company to immediately complete his appointment.

A High Court judge hopes to be in a position to give judgment on the minister for finance’s bid to halt a number of legal challenges to the Government’s recapitalisation of Irish Life and Permanent early next month.

A High Court judge hopes to be in a position to give judgment on the Minister for Finance's bid to halt a number of legal challenges to the Government's recapitalisation of Irish Life and Permanent early next month.

A number of legal challenges brought against the Government’s recapitalisation of Irish Life & Permanent should be struck out because those taking the actions lack the legal standing to do so, lawyers for the Minister for Finance argued yesterday.

The High Court has ruled that an Irish Life & Permanent shareholder’s challenge against the Government’s recapitalisation of the bank was brought within the allowed time period.

The High Court has ruled that an Irish Life & Permanent shareholder's challenge against the Government's recapitalisation of the bank was brought within the allowed time period.

A man who bought €200,000 of shares in Irish Life & Permanent is to appeal a High Court ruling that he is not legally entitled to represent the company in proceedings challenging the Government’s recapitalisation of IL&P.

A man whose company bought some €200,000 of shares in Irish Life & Permanent in 2010 is to appeal a High Court Judge's ruling that he is not legally entitled to represent the company in proceedings challenging the Government's recapitalisation of the bank.

A High Court judge has begun a hearing to decide key preliminary issues in actions by a number of shareholders in Irish Life and Permanent and others to the Government’s recapitalisation of the bank.

The Government’s belief that it has drawn a line under its banking crisis will be tested this week when a dissident Irish Life and Permanent shareholder attempts to overturn the bancassurer’s recapitalisation and effective nationalisation.

A SHAREHOLDER who is challenging the Government’s recapitalisation of Irish Life and Permanent has told the High Court the legal challenge is one of the most important cases in the history of the state.

A shareholder in Irish Life and Permanent who is challenging the Government's recapitalisation of the bank has told the High Court the legal challenge is one of the most important cases in the history of the State.

Another shareholder at Irish Life and Permanent has today come forward to challenge the Government's move to recapitalise the business.

FRESH claims from rebel shareholder, Piotr Skoczylas, that Irish Life & Permanent (IL&P) can be recapitalised through private investment is unlikely to stop the Government virtually nationalising the group later this week.