Clare founded house builders group McInerney will find out today if its operations will be salvaged.
The Supreme Court is to rule on whether to approve a rescue plan for the company which employs 100 people
The deal put forward by an examiner is opposed by three major banking creditors, KBC, Anglo Irish and Bank of Ireland which are owed a total of 113 million euro.
It’s been argued the examiner’s survival plan will bring investment, save jobs and help regenerate the property market.
McInerney is one of Ireland’s oldest home-builders and employs over 100 people.
The High Court rejected the examiner’s proposals earlier this year arguing that the strategy would be prejudicial to KBC, the only ‘non-NAMA bank’ amongst its bank creditors which are owed 113 million euro.
