Sunday 17 December 2017

Couple consent to €12.5m judgment

A COUPLE have consented orders requiring them to repay Ulster Bank some €12.5m over loans and guarantees mostly related to property and businesses in Sligo and Galway.

Barry Gavin, solicitor for John and Annette Curley, told the Commercial Court yesterday his clients were consenting to summary judgment in that sum.

Given the couple's attitude, Mr Justice Peter Kelly told counsel for the bank, he would only award costs at the lowest level - €202 - against them.

The couple, of Stradbally East, Kilcolgan, Co Galway, were sued arising from various facilities advanced on dates from 2002, plus guarantees including one limited to €4.6m for the debts of their company, Curley Furniture and Carpets Ltd (in receivership and in liquidation).

The loans were advanced for purposes including to buy a one-bedroom apartment at Salthill, Co Galway; a 18,000 square foot unit and 35 car parking spaces at Collooney Roundabout, Sligo; a site at Dublin Road, Oranmore, Co Galway ; a 7,000 square foot commercial unit at Sean Mulvoy Road, Galway and for investing in a property syndicate, the Stuggart Property Syndicate.

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