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Concerns about Quinn statement, court told

Bid to adjourn Anglo Irish Bank's Quinn action in Commercial Court
Bid to adjourn Anglo Irish Bank's Quinn action in Commercial Court

The official receiver in charge of Seán Quinn's bankruptcy in the North has told the Commercial Court in Dublin that he has concerns about the statement of affairs given by Mr Quinn to the Belfast court.

Lawyers for the official receiver were in the Commercial Court seeking an adjournment in the action being taken by the former Anglo Irish Bank against Mr Quinn for the repayment of more than €2 billion.

The Irish Bank Resolution Corporation told the Commercial Court the action for judgment should go ahead today, despite the fact that Mr Quinn was adjudicated a bankrupt in the North just over a week ago.

The bank is bringing an application to the Belfast court to have the bankruptcy annulled. That application will come before the High Court in Belfast on Thursday.

Lawyers for the official receiver said the action for judgment should not go ahead in advance of Thursday's hearing. Barrister Bernard Dunleavy for the official receiver also said the statement of affairs furnished by Mr Quinn in the bankruptcy application appeared to be unsatisfactory.

But lawyers for the bank said the court should go ahead and grant judgment against Mr Quinn as this judgment would not affect the bankruptcy proceedings in the North or its own challenge to them.

Mr Justice Peter Kelly will give his decision on Wednesday morning.