NAMA applies to have developers' two companies wound up

An application by NAMA have two companies controlled by developers Raymond and Daniel Grehan wound up has commenced before the High Court.

NAMA has petitioned the court to have a liquidator appointed to Glenkerrin Properties Ltd, and Glenroyal Leisure Ltd on grounds including that both firms are insolvent and that it would be in the best interests of the firm's creditors that the companies are wound up.