Court protection over debt removed from James Nugent

Protection granted last month to developer James Nugent of Maple 6 in Dublin in respect of a multimillion euro bank debt was removed at the High Court sitting in Cork yesterday.

Danske Bank, which claims that Mr Nugent owes it €9.5m, applied to have the debtor adjudged bankrupt. Last month the Personal Insolvency Practitioner (PIP) had been granted an ex parte protective certificate.

The bank was successful yesterday in its application to have that protective certificate set aside.