Hotelier Jim Mansfield ordered to repay debt of over €74m to NAMA
Published 24/10/2011 | 17:24
HOTELIER and developer Jim Mansfield has been ordered to repay a debt of just over €74m to the National Asset Management Agency.
The ruling was made in the Commercial Court today.
The court granted judgment to NAMA against Mr Mansfield after Mr Justice Peter Kelly found the hotelier had no defence to NAMA’s application.
The case relates to guarantees given by Mr Mansfield for loans from Irish Nationwide Building Society to two companies - Fallowvale Limited and Bridford.
Bank of Scotland is also pursuing Mr Mansfield for €206m and that application will be heard on November 10.