Investor loses winding-up bid

A man who claimed that a company failed to repay a €500,000 loan for a Polish housing development has lost his High Court bid to wind up the company.

6th January, 2013
Miss Justice Mary Laffoy.

A man who claimed that a company failed to repay a €500,000 loan for a Polish housing development has lost his High Court bid to wind up the company.

Mark Foran petitioned for the winding up of Kasam Investments Ireland Ltd because he said the company had not repaid a €499,500 investment loan made in August 2008. The company claimed it did not owe Foran the money and Kasam director Martin McDonnell claimed that the...

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