Further information sought on value of McInerney assets

A HIGH Court judge wants more information on valuations of properties owned by the troubled McInerney construction group before a hearing takes place on a rescue plan for the group.

Further information sought on value of McInerney assets

Mr Justice Frank Clarke said he wants to have the confidential information today before he decides whether it could be released to a syndicate of three banks owed more than €114 million and who are opposing McInerney going through the examinership process. He said he would continue to extend the protection of the court until Friday when a full hearing of the matter is scheduled to take place.

Five McInerney companies have been under High Court protection from creditors since late August, when William O’Riordan was appointed examiner.

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