Original loan was made to Mr Flatley’s Blackbird Film Productions by Novellus Finance
Michael Flatley had been given until Tuesday afternoon to make the payment to the account of solicitors acting on behalf Novellus Finance.Lord of the Dance star Michael Flatley has paid off the €6.9 million loan at the centre of a dispute over his Castelhyde mansion in Co Cork, the Commercial Court has been told.
At issue in the case was 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.Chinese investors sink large sums into north Dublin propertyMr Flatley provided a guarantee for the loan on the strength of the value of his Castlehyde mansion.
She said she anticipated the release of the charge later on Tuesday, once all the matters were attended to and the previously disputed €1.49 million in legal costs and receiver’s costs was lodged in court. Previously, the Flatley side had asked for Mr Justice Mark Sanfey to hold off on giving his judgment on whether to set aside an interim injunction stopping the receiver taking steps or grant an interlocutory injunction to the Flatley side.
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