Friday 25 July 2014

AIB awarded €7.5m against three debtors

Published 24/11/2012|05:00

  • Share

AIB BANK has got a judgment of just over €2.5m each against three men over unpaid loans, the High Court ruled.

  • Share
  • Go To

The orders were made against Sean Keane, Rocklands, Gracedieu, Waterford; Michael Ryan, Laraghcon, Lucan, Co Dublin; and his father, Michael Ryan Snr of Argus House, Greenmount Office Park, Harold's Cross Road, Dublin 6.

The bank provided a loan in August 2007 to Mr Keane and Mr Ryan Jnr for the purchase and development of light industrial units at Waterford Airport Business Park. Mr Ryan Snr provided a guarantee. AIB called in the loans in 2010.

In her judgment yesterday Ms Justice Elizabeth Dunne rejected all the defendants' arguments and ruled that AIB was entitled to €2,527,628 against each of the defendants.

Irish Independent

Read More




Meet, chat and connect with
singles in your area


Meet Singles Now



Now available on

Editor's Choice

Also in Irish News