Receiver tells court of intimidation in Killarney

A receiver says he has been subjected to a campaign of intimidation and threats against him as he tried to take over a number of commercial properties in Kilkenny.

The properties in High St and Key Court were put up as collateral by four men for €2.3m loans to them by Bank of Ireland which were allegedly in default.

KPMG accountant and insolvency practitioner Andrew O’Leary was appointed receiver in September and says that, in the last two weeks, there have been a number of incidents, including a break-in at a property on November 25.

The receiver last week obtained interim injunctions preventing interference or trespass by the four borrowers. They are: Michael Minogue, Ballycallan Rd; Denis Brennan, Snowhill, Ennisnag; Joseph Nolan, The Rise, Dunmore, all Co Kilkenny; and Michael Nolan, Hawthorn Avenue, Kilkenny City.

The men are opposing a bid by the receiver to maintain the injunction pending full hearing of the matter, the commercial court heard.

Mr Justice Brian McGovern yesterday admitted the case to the commercial list on the application of the receiver and said he would hear the receiver injunction application next week.