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The High Court has granted an interlocutory injunction to prevent the sale of a family farm, pending a full trial to resolve disputes over the repayment of a loan and the applicability of the Statute of Limitations. The plaintiffs contended that all monies owed on a 1990 loan had been fully repaid by 2012, and that any further claims were now statute-barred. The lender claimed that a substantial sum remains due, leading to the appointment of a receiver and the proposed sale of the farm. The court found serious questions to be tried regarding the loan's repayment status and the potential extinguishment of the mortgagee's title due to the Statute of Limitations.
interlocutory injunction, family farm, loan repayment, Statute of Limitations, receiver appointment, mortgagee's title, extinguishment, loan agreement, security charge, endowment policy, mis-selling, financial dispute, High Court, serious issue to be tried, balance of justice.
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