Property firm told to repay INBS €78m

IRISH Nationwide Building Society has secured a €78 million summary judgment order against Aifca, a company controlled by property developer Liam Carroll, over unpaid loans.

The loans relate to the proposed development of The Square Shopping Centre in Tallaght.

Mr Justice Peter Kelly granted the judgment order against Aifca and adjourned to July 29 the society’s application for a €60m summary judgment order against Mr Carroll personally, arising from a September 2006 guarantee by him and others over the loans to Aifca.