T
Having looked at the case mentioned, a key paragraph appears to be:
According to the evidence on 16th December, 2014 UBIL sold to Promontoria Holding 128 B.V. all its rights, title, interest and benefit in its mortgage over the plaintiff’s lands. The sale was effected by way of a mortgage sale deed. On 12th February, 2015, UBIL together with the other named Ulster Bank entities purported to sell to Promontoria (Aran) Limited the same mortgage which UBIL had already sold to Promontoria Holding 128 B.V. two months earlier
As Promontoria Aran Limited ("PAL") was incorporated before 12th February 2015, it appears that the earlier date of 16th December is not relevant. However, it does remain to be seen if the transfer to PAL was properly done.
Jim Stafford
I was always led to believe you can only have a charge registered to one entity at a time.
Again, I know absolutely nothing about this particular case but it is certainly the case that different entities can have a charge over the same property at the same time. The first in time takes priority. Pretty basic stuff.
I really do hope that nobody reading this forum takes your "advice" seriously.
Sarenco, read the question again, I am talking about the SAME ONE charge being held by two separate entities at the one time, NOT, two separate charges...
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