Judge gives Michael Flatley more time to pay off loan at centre of Castlehyde dispute

Mr Justice Mark Sanfey gave the Flatley side until Tuesday at 12.30pm when he will hear again from the parties on whether the full redemption amount has been paid

Michael Flatley had provided a guarantee for the loan on the strength of the value of his Castlehyde mansion. As a result of the alleged default, Novellus appointed a receiver over the property. File picture

The lender seeking full repayment of a loan at the centre of a dispute over Lord of the Dance star Michael Flatley’s Castlehyde mansion has told the Commercial Court that no payment had been made to redeem the €6.9m loan by Monday afternoon.

The High Court was being updated after Mr Justice Mark Sanfey gave the Flatley side until Monday afternoon to pay off the loan and he warned he would take “an extremely dim view” if the transaction was not completed by 2pm.