Business Irish

Monday 27 March 2017

McKillen appeal before Christmas

COURTS

THE Supreme Court appeal by property investor Paddy McKillen aimed at preventing the transfer of some €2.1bn in loans to NAMA will be heard before December 21.

The Chief Justice, Mr Justice John Murray, told lawyers for Mr McKillen and NAMA yesterday that the appeal would be heard before the end of this law term and "perhaps significantly before then".

Just Mobile in red even before launch

TELECOMS

ACCOUNTS for the company behind new mobile virtual network operator Just Mobile show that it had lost about €234,000 in the six months to the end of last year as it geared up for its launch. It had shareholder funds of €1.1m at the end of last December. Investors include telecoms entrepreneur Sean Melly and former Eircell boss Stephen Brewer.

Calyx founder faces orders of over €17m

COURTS

ANGLO Irish Bank has secured summary judgment orders for more than €17m against Dublin businessman Maurice Healy, founder of the Calyx technology services group, over unpaid loans. Mr Justice Peter Kelly was told at the Commercial Court yesterday that Mr Healy was consenting to judgment in the sums sought.

Landmark hotel's six-figure losses

HOTELS

LANGTON House Hotel in Kilkenny made a loss of nearly €394,000 last year, compounding a €574,000 loss in 2008, according to newly available accounts for the business. Accounts for the company behind it, Langton Hotel, show net debt grew to €2.9m at the end of last year from €1.25m a year earlier.

Irish Independent

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