Correspondence between parties amounted to unequivocal admission that sums were due to plaintiff

Summary judgment – appeal of High Court judgment in favour of plaintiff in the amount of €1.48 million owed under patent income scheme – deed of indemnity entered by former chief executive of One Fifty One company – loan notes – plaintiff’s claim is that he is beneficially entitled to monies allegedly owing by Investments to Chandela Nominees Ltd – whether the plaintiff is entitled to summary judgment against the company – correspondence amounted to an unequivocal admission by the company that these sums were due to the plaintiff – High Court was correct in ordering summary judgment in favour of the plaintiff – company has no credible defence to the action – appeal dismissed.