NIB secures ruling in High Court for €37m against developers and couple over loan

NATIONAL Irish Bank is entitled to summary judgment for €37 million against Durkan New Homes, a couple and another firm over failure to repay loans given for a housing development at Cabinteely, Co Dublin, the High Court has ruled.

Mr Justice Peter Charleton found in favour of the bank yesterday against Durkan New Homes, with offices at Ranelagh, Dublin, Don and Marian Casey, of Woodbrook, Beech Park, Cabinteely, and Tullycross Developments Ltd, with a registered office care of O’Donnell Sweeney Solicitors, Earlsfort Terrace, Dublin, but directed no orders would be made until after he hears the defendants’ application for a stay on his decision next week.

He will also consider interest and costs issues next Thursday.