In 2020, Ms O’Neill sought to have the case entered into the High Court’s fast-track commercial division but was refused because of a four-year delay between when the debt became due and proceedings were taken. The case then went into the court’s ordinary non-jury list.
She claimed she made two loans to Ballycrag Developments in September and December 2013 totalling €975,000, with Ballycragh providing security in the first fixed charge over a property called Wynnstay House, Clonskeagh, Dublin. Mr Kavanagh also entered into a personal guarantee and indemnity agreement with her in November 2015 to guarantee the obligations of Ballycrag to her, she said. Under that, it was agreed the amount then owing was €2.8 million plus interest, she claimed.
She believed it was used as “a means of deflection, delay and prevarication” to persuade her against taking legal action.
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: IrishTimes - 🏆 3. / 98 Read more »