Nama stalls sale of 22 holiday homes in Clare

A High Court Judge has made orders preventing the proposed auction of a West of Ireland property containing 22 holiday homes after lawyers for Nama claimed the sale would result in a loss for the taxpayer.

Nama sought an injunction preventing the auction, due to go ahead on Wednesday (tomorrow), of a property at Ballyvaughan in Co Clare against Art to Fitness Ltd, of Monkstown Co Dublin which supplies gym equipment.