Courts / Galway / Report
Promontoria seeks summary judgement of €30.5m against Galway businessman
Summary
Promontoria (Arrow) Limited has applied for summary judgment of €30.5 million against Patrick (Paddy) Kennedy of Slieverue, Athenry, Co. Galway, alleging he failed to repay loans originally advanced by AIB for land purchases between August 2006 and August 2009 and later acquired by NAMA. Promontoria, having bought the loans from NAMA in December 2015, demanded repayment and appointed receivers over Kennedy's assets, including properties in Portumna, Athenry and an apartment in Waterford. The application was heard by Mr Justice Brian McGovern, who placed the case on the fast‑track Commercial Court list, with a hearing scheduled for July.
Who, what, where, when and why
What: Report matter: Promontoria seeks summary judgement of €30.5m against Galway businessman. Procedural stage: hearing_or_decision
When:
- August 2006 Hearing Or Sentence
- August 2009 Hearing Or Sentence
- December 2015 Hearing Or Sentence
- 2017-05-22 Publication
Places mentioned
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