Lynch family action over €25m AIB loan adjourned until Tuesday

AN action by One51 investment group chief executive Philip Lynch and his family aimed at preventing AIB pursuing them over a €25 million loan to buy development lands has been adjourned to next week.

Mr Lynch began giving evidence in the case on Wednesday and was expected to resume the witness stand yesterday morning when his counsel Michael McDowell said “a matter” had arisen and asked for an adjournment.

Mr Justice Michael Peart, who had previously said he could not hear the case today, adjourned the proceedings to Tuesday when Mr Lynch is expected to resume his evidence.