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Court of Appeal, in bankruptcy proceedings, refuses appeal and affirms High Court Order that the respondent finance company was the successor of the indebtedness to the applicant bank, on the grounds that: (1) the respondent was entitled to apply be substituted as petitioning creditor; (2) the appellant acknowledge in their personal insolvency arrangement that it was assignee of the debt in the proceedings, which he cannot resile from acknowledging; (3) and there was prima facie evidence to support the assignment of the debt effected a change of interest withing the meaning of the rule.
Banking – Bankruptcy Petition - whether the High Court was correct to order that the bankruptcy petition issued by AIB plc be carried on between Everyday Finance DAC as petitioning creditor and the appellant - pursuant to O. 17, r. 4 of the Rules of the Superior Courts - Order 17, rule 4 of the Rules of the Superior Courts – appeal refused.
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