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Tue 11 Nov 2009Anglo withdraws proceedings against Morrison Hotel investors
ANGLO IRISH Bank has withdrawn a Commercial Court summary judgment application for €44.8 million against hotelier Hugh O’Regan, developer Paddy Kelly and another man arising out of a loan for the purchase of the Morrison Hotel in Dublin.
Rossa Fanning, for the bank, told Mr Justice Peter Kelly yesterday it was withdrawing the application to enter the case into the Commercial Court list because “certain developments” had occurred in the past week, including a decision by the court last Wednesday.
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