Companies seek stay on €170m judgment against them

Three companies in the Dublin-based Moritz Group who have been sued by the National Assets Management Agency (Nama) over unpaid loans made by three banks have asked the High Court for three-month stay on a summary judgment of more than €170m being registered against them.

Nama originally sought summary judgment orders for €137.6m against Maplewood Developments, €95.3m against Moritz Holdings and €74.6m against Rumbold Builders over unpaid loans advanced by Allied Irish Banks, Bank of Ireland and Anglo Irish Bank (now the Irish Bank Resolution Corporation).