Appeal court rules against Kelleher’s Nama action
Court found Kelleher's argument would make the debt action “immensely more complex, lengthy and costly”
A claim by developer Garrett Kelleher that the Chicago Spire site was wrongly sold as an €80 million “hole in the ground” cannot be used to defend debt proceedings brought by the National Asset Management Agency (Nama), the Court of Appeal has ruled.
The businessman is being pursued by Nama for more than €46 million on foot of guarantees he provided as security for corporate Anglo Irish Bank loans that financed building projects ...
