Mr Justice Mark Sanfey had given the Lord of Dance star until 2pm on Monday to redeem the loan
A High Court judge has given Michael Flatley until Tuesday to pay off the €6.9 million loan at the centre of a dispute over his Castlehyde mansion in Co Cork.
She asked the court to give an immediate judgment from the bench on an application heard last week to set aside the interim injunction against the receiver of Castelyhyde from taking further measures, or whether an interlocutory injunction was to be granted to the Flatley side.
At issue in the case is a loan made to Mr Flatley’s Blackbird Film Productions Ltd by Novellus Finance Ltd, with registered offices at St Stephen’s Green, Dublin in 2023 with repayments of €67,000 per month over two years. Novellus claimed there has been default on repayment, which Mr Flatley denies.
The judge had given the Flatley side until today Monday to update the court on the matter, after the Flatley side told the court the loan was “on the cusp of redemption.”
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