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14/12/2012
Dunnes Stores Pay €21m Debt
Dunnes Stores has paid €21.6m debt in full and a petition to wind up stores has been withdrawn by the Commercial Court.
Brian O'Moore SC for Dunnes Stores said that there reasons for not making the payment were genuinely held and no discourtesy to the was intended.
Holtglen Ltd took legal action to try to enforce a judgement order against the chain over money owed for building work on the Ferrybank Shopping Centre.
Holtglen is now insolvent and Nama are dealing with its debts.
(CD)
Brian O'Moore SC for Dunnes Stores said that there reasons for not making the payment were genuinely held and no discourtesy to the was intended.
Holtglen Ltd took legal action to try to enforce a judgement order against the chain over money owed for building work on the Ferrybank Shopping Centre.
Holtglen is now insolvent and Nama are dealing with its debts.
(CD)
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Ireland WeatherToday:A sunny but frosty start for many. However cloud increases by midday with a few showers reaching the north coast, these mostly light but spreading inland this afternoon. Chilly. Maximum temperature 8 °C.Tonight:A rather cloudy evening with scattered showers. Becoming drier through the night with some good clear spells developing and a patchy frost away from coasts. Minimum temperature 0 °C.
