Irish Asphalt

War in Ukraine exacerbating soaring inflation of energy and materials such as steel

Construction firm accepts there was no basis for any claim for deceit or fraud

Debt at the centre of the winding up petition relates to a judgment against firm over pyrite used in a building in Ballymun in Dublin

Commercial court refuses application to fast-track wind-up petition on Irish Asphalt

Move part of dispute between JEC and Irish Asphalt over material with excessive pyrite

Ballymun Regeneration loan to James Elliott Construction given in part for legal actions

How much risk was involved in loaning money to building firm to pursue legal actions?

James Elliott Construction Ltd must provide details of tests in pyrite-related action

Application alleges particulars of deceit claim have not been provided