Protection granted last month to developer James Nugent of Maple 6 in Dublin in respect of a multimillion euro bank debt was removed at the High Court sitting in Cork yesterday.
Danske Bank, which claims that Mr Nugent owes it 9.5m, applied to have the debtor adjudged bankrupt. Last month the Personal Insolvency Practitioner (PIP) had been granted an ex parte protective certificate.
The bank was successful yesterday in its application to have that protective certificate set aside.
Ms Justice Marie Baker said in her judgment yesterday: In my view there has been material and culpable non-disclosure and in the circumstances I propose making an order setting aside the order made ex parte on February 10.
An application had been made for th…
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