Dublin based nursing home owner and operator, Greenmast, has won a temporary High Court injunction preventing building company Cappagh Homes, from having it wound up over a disputed debt of over €700,000.

Cappagh Homes, which trades under the name of Derreen Construction, had threatened to bring a petition to wind up Greenmast over a disputed claim for value added tax (VAT) payments for the construction of a nursing home, The Irish Times reported. Greenmast denies the claim that it owes the monies.

The court heard that Greenmast entered into an agreement with Cappagh Homes to buy the land where the Clearbrook Nursing Home is located. Cappah Homes was also to construct the facility under the deal.

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Greenmast’s counsel said Greenmast settled its account with Cappagh Homes in 2018 with a €6.18m payment.

Cappagh Homes sought a subsequent six-figure payment from Greenmast in 2020, however, prompting both parties to enter into an arbitration process that is ongoing.

Cappagh Homes served a demand for payment of €735,000 earlier this year adding that if payment was not made it would seek to have the nursing home operator wound up.

Greenmast’s counsel said the nursing home operator was robustly solvent but was concerned about the impact on its business and 82 residents.

Mr Justice Sanfey granted an interim injunction preventing the winding up petition with the case due to return to court next week.

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