Bank bids to overturn Sean Quinn bankruptcy

THE Irish Bank Resolution Corporation is to ask the courts in the North to overturn the bankruptcy of businessman Sean Quinn.

The bankruptcy was secured last Friday in Belfast with no notice to the bank, which initiated proceedings here nine days earlier for summary judgment orders for more than €2 billion against Mr Quinn.

IBRC, formerly Anglo Irish Bank, is pressing ahead with its action here and Mr Justice Peter Kelly said yesterday it was “clearly at issue” whether the bankruptcy was properly obtained or, as the bank alleged, contrived to frustrate its case.