Publican refused bar on liquidator’s loan sell-off

A consortium that owns some of Cork’s best-known pubs has been refused High Court injunctions stopping IBRC’s special liquidators selling its performing loans to Nama or other entities.

The orders were sought by Benny McCabe and two companies pending a full hearing of claims for damages for alleged overcharging on loans and misselling of derivative agreements by the former Anglo.

Dagenham Yank Ltd and No One In Particular Ltd, of which Mr McCabe is a director, operate Bodega, Sin É, The Oval, Crane Lane, The Mutton Lane, and Arthur Maynes. They have an annual turnover of about €12m and employ more than 250 people.