Ulster Bank Ltd v McLaughlin [2021] NIMaster 6 (14 May 2021)

Ulster Bank Ltd v McLaughlin [2021] NIMaster 6 (14 May 2021)

The debt forming the basis of the petition is disputed on grounds which appear substantial; statutory requirements for bankruptcy order are not met; issues require determination by writ action and trial, not summary insolvency process.

Citation
[2021] NIMaster 6
Parties
Petitioner: Ulster Bank Limited; Debtor: Adrian McLaughlin
Jurisdiction
Northern Ireland
Judgment Date
14 May 2021
Procedural Posture
Creditor's Bankruptcy Petition / Final Judgment
Outcome
petition dismissed
Legal Topics
Statutory Demand, Liquidated Sum, Guarantee Validity, Abuse of Process, Limitation Period, Evidence Requirements

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Parties

Ulster Bank Limited

Petitioner

Adrian McLaughlin

Debtor

Procedural Posture

Creditor's Bankruptcy Petition / Final Judgment

  1. 1 Whether the debt claimed is disputed on substantial grounds
  2. 2 Whether the statutory demand and petition comply with statutory requirements
  3. 3 Validity of the facility letter and guarantee

Ratio Decidendi

The debt forming the basis of the petition is disputed on grounds which appear substantial; statutory requirements for bankruptcy order are not met; issues require determination by writ action and trial, not summary insolvency process.

Court Disposition

petition dismissed

Orders

  • petition dismissed under Article 245
  • court to hear argument as to costs