AIB gains control over Carroll land
Published 22/01/2010 | 14:02
Allied Irish Banks had a receiver appointed to companies controlled by Liam Carroll after debts of €554m went unpaid.
The bank had “wisely” decided not to sell the properties controlled by the companies given the “wretched” market, Judge Peter Kelly said in court in Dublin today.
Instead, the receiver acting on the bank’s behalf is entitled to rents and profits flowing from the 12 sites.