Banks oppose McInerney Homes examiner

Updated: 17:57, Tuesday, 7 September 2010

The High Court has been told that three creditor banks of McInerney Homes will be opposing an application to appoint an examiner.

1 of 1 McInerney Homes Has debts of €200m
McInerney Homes
Has debts of €200m

The court has adjourned the examinership hearing until Friday.

Today had been set for the hearing after an interim examiner was appointed last month.

A lawyer for Bank of Ireland, KBC and Anglo Irish Bank said they would be opposing the appointment of an examiner.

The three banks are owed €114.5m.

Lawyers for Ulster Bank, Bank of Scotland Ireland and the Revenue Commissioners told the court they were adopting a neutral position on the examinership application.

Last month parent company McInerney Holdings applied to the High Court for the appointment of an interim examiner to McInerney Homes while it negotiates a restructuring of debts and new investment for the group.

The group has debts of €200m.

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