McInerney put into receivership after 'traumatic' property crash

One of Ireland's oldest homebuilders, McInerney, is to go into receivership after a long legal battle to rescue the group.

Fri, 22 Jul, 2011 - 16:04

One of Ireland's oldest homebuilders, McInerney, is to go into receivership after a long legal battle to rescue the group.

In a majority ruling of three to two, the Supreme Court has refused to approve a survival plan for the group, which owes KBC, Anglo Irish Bank and Bank of Ireland €113m.

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Courts Economic crisis Place: Ireland Place: Co Clare Person: McInerney Person: Donal O'Donnell Organisation: McInerney Organisation: Supreme Court Organisation: KBC Organisation: Anglo Irish Bank Organisation: Bank of Ireland Organisation: High Court

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