McKillen ‘coy’ as to whether he bid on some of his loans

Investor Paddy McKillen is being “coy” as to whether he has bid for some of his own loans, which he is seeking to prevent being sold to the billionaire Barclay brothers, the High Court heard yesterday.

Michael Howard SC, for the Barclays, made the comment when urging Mr Justice Paul Gilligan to fix the earliest possible hearing of pre-trial applications in Mr McKillen’s action aimed at preventing Irish Bank Resolution Corporation selling €246m of his loans to the Barclays.

Several pre-trial applications were mentioned before the judge yesterday, including applications concerning discovery of documents.