The challenge by troubled developer Treasury Holdings to the Nama decision calling in about €1bn of Treasury’s loans will be heard at the Commercial Court next month.

Treasury Holdings and its owners Richard Barrett and John Ronan are being sued by Nama in a bid to reverse a controversial transaction where €20m shares were allegedly transferred out of the group to the benefit of Mr Barrett and Mr Ronan for €100,000 and unsecured loan notes.

Nama will next week ask the Commercial Court to order insolvent developer Treasury Holdings to provide security for the costs of its forthcoming challenge to the agency’s decision to call in more than €1bn loans and appoint receivers over its properties here.

Treasury Holdings was yesterday granted permission by the High Court to mount a legal challenge to Nama’s decision to call in its loans and appoint receivers over its properties here.

Treasury Holdings has been described by NAMA as significantly insolvent and past the point of rescue in Commercial Court proceedings.

FIVE hundred people rallied in support for the Vita Cortex workers yesterday.

CREDITORS of the Irish- owned Battersea PowerStation asked a court to put the landmark property’s owner into administration the day after Britain’schancellor of the exchequer George Osborne backed a London Undergroundextension to boost the area’s development.

At 7.25am the alarm went off, before 7.30 he was out in the kennel, checking on Glanmore Susan; she was fine, even better than fine – “Hopping off the ground!”

THE company constructing the €380 million Dublin Convention Centre is part of a group relying on banks to rollover repayments on loans.

AN Irish property developer may be set to lead the massive €4 billion regeneration of the Battersea power station site in Britain.

TREASURY Holdings (THL) has brought a legal action to compel businessman Harry Crosbie pay an alleged €3 million share related to a €19.2m debt to another company under agreements for the financing of the Spencer Dock Development Company (SDDC).

It was ten years ago this year, the unforgettable drama of Big Fella Thanks and his hugely popular Derby win for the O’Driscoll clan of Skibbereen; in the big stand that day, on one of my regular tours around Powerstown, I bumped into Kevin O’Shea.

NO SHORTAGE of topics this week, is there?

Clonmel is coursing’s Mecca, an annual pilgrimage repeated over the three-day early spring National Coursing Meet at Powerstown Racecourse, but it’s a restricted affair.

TREASURY Holdings, jointly owned by the media-shy business duo of Richard Barrett and John Ronan, has restructured the group into fourdivisions.

PROPERTY development giants Treasury Holdings are seeking planning permission for a business and technology park which would create up to 2,500 jobs along the Waterford-Tipperary border.

THE rezoning of over 300 acres of agricultural land in Waterford County Council’s new five-year Development Plan has the potential to create up to 3,500 jobs.

DUBLIN-based Treasury Holdings yesterday announced a €1.2 billion joint venture to develop a 900-acre island site off the coast of China.

DECENTRALISATION might be like the No 3 bus — you wait for ages, and hundreds of jobs come along all at once.

CHARLES HAUGHEY will net €34 million after tax following the sale of his Kinsealy home and 230-acre estate.