Injunction on receiver acting over businessmen’s assets

Two Cork businessmen succeeded in obtaining an injunction restraining a receiver from acting over their properties at an industrial estate in Churchfield yesterday, claiming they never missed a payment and there was no justification for calling in the loan.

Ms Justice Marie Baker granted an interlocutory injunction restraining the receiver appointed by Gulland Property Finance Ltd from acting as receiver over the assets of Michael and Anthony Harrington. The assets consist of commercial warehouses at Churchfield.

Ms Justice Baker said the Harringtons — through their lawyers Willis Walsh SC, Liz Scally BL and Raymond O’Neill solicitor — had made an arguable case on three grounds for the granting of the ex-parte injunction against the receiver.