IFA Monaghan chair Frank Brady told around 40 farmer creditors in attendance that the Property Services Regulatory Authority (PSRA) had been in contact the owner of EP Nugent Ltd, the company running sales at the mart until it closed down and went into liquidation in April.
"They sent out six letters to Cornell Nugent telling him they were going to put him out of business, but they didn't put him out of business and he was trading without a licence, illegally, and they did nothing about it," Brady told the Irish Farmers Journal.
EP Nugent lost its licence to run sales on 19 February 2017 and a PSRA spokesperson told the Irish Farmers Journal at the time that this information was available to farmers if they searched through the register of licensees and the register of expired licences published on its website.
Options
The IFA is now working to identify all farmers owed money by the mart and invite them to a meeting on 30 July to discuss their options, including proposed joint legal action against the PSRA. Around 100 farmers who were unpaid took part in a previous meeting on the liquidation of the mart in May and elected a committee to coordinate their claims for compensation.
Read more in this week's Irish Farmers Journal.
Read more
Valid licence held by 98% of marts
Listen: more Castleblayney Mart farmers insist they must be paid
Legal query: I'm owed money from a mart that's in liquidation
IFA Monaghan chair Frank Brady told around 40 farmer creditors in attendance that the Property Services Regulatory Authority (PSRA) had been in contact the owner of EP Nugent Ltd, the company running sales at the mart until it closed down and went into liquidation in April.
"They sent out six letters to Cornell Nugent telling him they were going to put him out of business, but they didn't put him out of business and he was trading without a licence, illegally, and they did nothing about it," Brady told the Irish Farmers Journal.
EP Nugent lost its licence to run sales on 19 February 2017 and a PSRA spokesperson told the Irish Farmers Journal at the time that this information was available to farmers if they searched through the register of licensees and the register of expired licences published on its website.
Options
The IFA is now working to identify all farmers owed money by the mart and invite them to a meeting on 30 July to discuss their options, including proposed joint legal action against the PSRA. Around 100 farmers who were unpaid took part in a previous meeting on the liquidation of the mart in May and elected a committee to coordinate their claims for compensation.
Read more in this week's Irish Farmers Journal.
Read more
Valid licence held by 98% of marts
Listen: more Castleblayney Mart farmers insist they must be paid
Legal query: I'm owed money from a mart that's in liquidation
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