The first keywords uttered in Court 2 on Tuesday morning were “no defence”. Last Friday, injunctions freezing the assets of Templeogue-based liquidator David Kennedy and related entities were secured by Friel Stafford accountants Eoin Massey and Tom Murray. The back story, as Tom reported last week, is that in July 2024, David Kennedy was appointed as liquidator of two companies called BabylonCQ Ltd and Wildemount Assets Ltd. These two companies were owned separately by brothers Cormac and Gavin Quinlan, who wished Kennedy to carry out a solvent liquidation of the companies, on a voluntary basis, to release cash valued at…

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