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Businessman Frank Gleeson secures temporary order preventing sale of Dublin lands
Summary
Businessman Frank Gleeson secured a temporary High Court injunction preventing a receiver appointed by the UK financial fund Onate UK LLP from selling lands he owns in Mulhuddart, West County Dublin. Gleeson, represented by Keith Rooney BL of MacCarthy Johnston solicitors, argues that the receiver, Mr Colin Gaynor, has no right to sell or market the property, which was listed on the BidX1 online auction platform for a sale next month. Gleeson claims the receiver was appointed only to enforce a floating charge over Taleta Capital Limited's assets, not over the lands, and that he has a purchaser ready to pay Onate in full. The court granted the injunction, restraining Onate and Mr Gaynor from offering the property for sale via any platform or medium and preventing them from representing the sale to third parties without Gleeson's consent. The order remains until the case returns to court, with the matter adjourned for a week.
Who, what, where, when and why
What: Report matter: Businessman Frank Gleeson secures temporary order preventing sale of Dublin lands. Procedural stage: charge_or_pretrial
When:
- March 2023 Other
- 2023-04-20 Publication
Why: 2m by Onate in 2021, by way of a short-term loan in order to fund a debt settlement with another financial fund. CNI source report
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