Tycoon's wife in house battle
THE wife of property developer Bernard McNamara wants a High Court order preventing NAMA appointing a receiver over a property she owns at the K Club in Kildare.
Moira McNamara, who the court heard, lives in London, is seeking an injunction preventing NAMA appointing a receiver over the property at the Ladycastle development.
Yesterday, her lawyers sought an interim order preventing NAMA, on foot of a mortgage debenture between Mrs McNamara and Anglo Irish Bank in July 2009, appointing a receiver over the Ladycastle development.
The appointment of the receiver was expected to occur today. The court heard the dispute arises out of the sale of the McNamara's property at 22 Ailesbury Road, Ballsbridge.