Mr O’Driscoll denies all the claims against him.
Bernard Dunleavy SC, instructed by solicitor Eugene Carley, for Mr McGee, said his client views the application as without merit and entirely pointless. It is also argued that the High Court does not have the jurisdiction to hear the application. Mr O’Driscoll was granted a PIA by the Circuit Court in March 2022, and this decision was upheld on appeal to the High Court last July.
He accepts the money was withdrawn from the company without the other shareholders’ prior knowledge. He did this as repayment of money he was owed.He said he put the money into the company at a time when it was not successfully trading at the insistence of the other shareholders.