Courts / Dublin / Report
Firm seeks to block alleged "improper" winding-up petition
Summary
Harcourt Developments Unlimited, an Irish‑based developer employing over 800 people, has applied to the High Court for an injunction to stop the UK firm Crest Nicholson (South West) Limited from filing a winding‑up petition over a disputed £2 million debt. Harcourt claims it is solvent and that Crest's petition is "improper" and motivated by an ulterior aim to force Harcourt to sell its interest in lands in England at a significant undervalue. The dispute stems from a Joint Landowners Agreement (JLA) concerning a development site near Bristol, which broke down in 2015. Harcourt alleges it has paid £1.8 million to Crest under a settlement agreement, but Crest has withheld information and demanded an additional £2 million, which Harcourt says is an unlawful debt‑collection attempt.
Who, what, where, when and why
What: Report matter: Firm seeks to block alleged "improper" winding-up petition. Procedural stage: hearing_or_decision
When:
- 2018-05-15 Publication
Why: It claims Crest Nicholson has "an ulterior motive" in seeking to have it put into liquidation. CNI source report
Places mentioned
- High Court
Topics
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