AIB has obtained judgment for €6 million against a farmer and property developer over unpaid loans.
Derek Connolly, Kilpark House, Aghadrumdoney, Scotshouse, Co Monaghan, is disputing the bank’s claim that he owes it an additional sum of €1.6 million and Mr Justice Peter Kelly fixed that matter for hearing at the Commercial Court next month.
The bank had sought summary judgment for €7.6 million against Mr Connolly over various loans and guarantees over money advanced to his companies Declan Connolly Property Development Ltd and Declan Connolly Retail Sales Ltd.