PETITION proceedings being taken by Mr Terence Horgan against other directors of Murray Consultants Ltd, Mr Joseph Murray and Mr James Milton, are to go ahead following a High Court judgment yesterday.
Mr Murray and Mr Milton had sought to put a stay on proceedings relating to a petition brought by Mr Horgan who is, among other reliefs, seeking the payment of the value of his shareholding in the company.
The two directors and the company, with offices at Upper Mount Street, Dublin, had stated that they wanted a stay on the petition proceedings as they claimed it was an abuse of the process of court. They said they were prepared to have Mr Horgan's shares valued by an independent accountant as envisaged in the procedures in the articles of association.
Mr Horgan claimed there was an inter relation made between the claims made in the petition proceedings and those reliefs sought in other legal proceedings being taken by him.
Yesterday Mr Justice Barron, said he could not accept the submissions of the two directors. He said that they had failed to establish that the petition was an abusive process of court.
