A British businessman has challenged IBRC's refusal to recognise a judgment for £113m (€128m) he obtained against it over the sale of a 100 room mansion in the UK. A British businessman has challenged IBRC's refusal to recognise a judgment for £113m (€128m) he obtained against it over the sale of a 100 room mansion in the UK. He obtained a judgment against IBRC in 2013 for £113m, after IBRC opted not to contest the matter. At the time IBRC did not expect there would be any money to pay a dividend to unsecured creditors in the IBRC liquidation. Mr Bhandal obtained a European Enforcement Order and submitted his as a creditor claim in IBRC's special liquidation.

Source: Irish Independent February 06, 2019 02:26 UTC