A High Court judge has ruled that National Irish Bank (NIB) is entitled to €6.3 million judgment orders against financier Niall McFadden arising from his personal guarantee over a bridging loan to a company to help acquire the classified ads magazine Buy Sell.

Mr Justice Frank Clarke found in favour of NIB’s entitlement yesterday but adjourned the making of any orders to tomorrow to allow the sides to consider his detailed judgment.

The case arose after Mr McFadden, St James Street, London, put together a deal in 2007 to purchase Buy Sell.

After his company was unable to raise equity finance, the business hit difficulties.