Nearly 11 months after hotelier Richard Henggeler, 73, sued the firm for the return of the funds amid a shareholder dispute, a total of €96,414 was paid back last week.
On Monday, Mr Justice David Nolan said it was "perfectly reasonable" for Mr Henggeler to bring the proceedings and awarded the costs of the action against Kerry Rose Festival Limited.
According to the Independent, the judge said the loan should have been repaid within one or two months of the demand being made.
This case was one of two filed against the company by Mr Henggeler, who owns just under a third of the shares in Kerry Rose Festival Limited having invested €800,000 in 2014 and 2015, in 2024.
In a separate lawsuit, he is seeking to gain control of Kerry Rose Festival Ltd., claiming its business has been conducted in a manner oppressive to his interests.
After the death of his daughter Dorothy "Dott" Moriarty Henggeler in 2014, just shy of her 28th birthday, Eibhlín and Richard Henggeler decided to establish a more permanent connection with Tralee.
Mr Henggeler sold his company, Henggeler Computer Consultants, to the global security firm Raytheon for an undisclosed sum.
Presumably, however, it was very substantial because in 2015, the couple bought the 165-bedroom Fels Point Hotel in the Co Kerry town from Nama, for €4 million, and renamed it the Rose Hotel.
Mr Henggeler also took a 31.1 per cent stake in Kerry Rose Festival Ltd, the company that runs the annual event.
Dott, representing Washington DC, was loved by all her fellow contestants in the 2011 pageant and a big hit with the audience in the legendary Dome and with those watching at home.
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Tragedy struck just two years later. Her mum Eibhlín, who originally hails from Killarney, later movingly described in the Irish Times: 'In October 2013, after a few weeks of dizziness, our beloved Dorothy, beautiful, joyful, now proud New Yorker and living her dream job with Tourism Ireland New York, was diagnosed with a brain tumour.
'We could not have imagined more catastrophic news. The next five months would be the best and the worst of our lives.'
* This article was originally published on Evoke.ie.
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