PROPERTY INVESTOR Paddy McKillen will ask the Supreme Court today for a stay on the transfer of some €2.1 billion loans of himself and his companies to Nama.

Mr McKillen wants the stay to apply pending the Supreme Court’s determination of his appeal against a three-judge High Court’s rejection of his challenge to the loan transfer.

Lawyers for Mr McKillen and the State meanwhile went to the Supreme Court yesterday to seek an early hearing date for the appeal.

Adjourning that matter for a week, the Chief Justice, Mr Justice John Murray, said the court would be in a better position then to know what issues were being raised in the appeal.

He also suggested there should be an agreed note between the parties of those issues when the case comes back before the court next week.

While the appeal was a matter that should be given the appropriate priority, there were already complex and detailed cases scheduled for hearing for this law term, the Chief Justice added.

Michael Cush SC, for Mr McKillen, said there was a “real urgency” about the appeal and it would take three days to hear.