Decision could cut valuations under NAMA
Rather ominously Chief Justice John Murray asked somewhat rhetorically: “Is time alone enough?”
A few hours later, the Supreme Court provided its own answer to the key question about time in rejecting the appeal by Mr Carroll’s companies against the Commercial Court’s refusal last month to appoint an examiner. Its ruling was based on the court’s damning finding that the group’s survival plan was “lacking reality” and its projections on how the property market might turn around by 2011 were “fanciful”.
