Courts / Meath / Report

Injunction over sale of house discharged but court finds 'fair issue' raised

Summary

In a High Court hearing on 14 July 2023, Mr Justice Rory Mulcahy discharged an injunction that had barred several corporate entities from accessing proceeds from the sale of Trinity House, a property in Dunboyne, Co Meath, and from insurance payouts following a fire. Mr Stephen Mahon had claimed a fair issue regarding the sale proceeds and insurance money, seeking payment of over €230,000 and the majority of the €810,000 sale proceeds. The court found that damages would be an adequate remedy and that Mr Mahon had not demonstrated that the defendants intended to dissipate assets outside the jurisdiction. The judge noted that Mr Mahon had failed to disclose relevant assets, including a €570,000 development site in Co Wexford owned by Yeronga, and that the injunction was therefore unnecessary. All defendants denied wrongdoing and argued that the injunction had harmed their business operations. The case will return to court later in the month.

Who, what, where, when and why

What: Report matter: Injunction over sale of house discharged but court finds 'fair issue' raised. Procedural stage: hearing_or_decision

When:

• December 2022 Other
• Christmas Other
• 2023-07-14 Publication

Case subjects

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report