THE HIGH Court has made orders winding up a company whose directors include developer Sean Dunne (right).
MJBCH Ltd guaranteed the liabilities of a firm that borrowed money to acquire the Berkeley Court and Jurys Hotel sites in Dublin 4.
Ulster Bank, represented by Declan Murphy, petitioned the court to appoint a liquidator after the firm failed to satisfy a demand it made for the repayment of €262m advanced to purchase the sites. Ms Justice Mary Laffoy appointed Declan Taite of RSM Farrell Grant Sparks as official liquidator, after finding that the company was hopelessly insolvent and unable to pay its debts.
The company's directors are Sean Dunne and Ross Connolly.