Courts / Meath / Report
Promontoria seeks judgement against three members of partnership
Summary
Promontoria (Arrow) Ltd is seeking a €9.68 million judgment against three former partners of the Bridgeford Partnership—Mr Pat Burke of Dunmore, Mr John Donnelly of Boyne Hill, and Mr John Fleming of Clonskeagh—over an alleged failure to repay a loan advanced in 2009. The fund claims it received a €9.4 million loan from EBS Building Society in February 2009 to restructure an existing debt and provide a capitalised facility, secured by the Bridgeford Bar & Restaurant in Drogheda and a site on Bredin Street. The loan was repayable by February 2011, transferred to National Asset Loan Management Ltd, and later acquired by Promontoria in 2015. In January the fund demanded repayment of the outstanding €9.68 million, including interest, and appointed a receiver over the secured assets.
Who, what, where, when and why
What: Report matter: Promontoria seeks judgement against three members of partnership. Procedural stage: hearing_or_decision
When:
- February 2009 Other
- February 2011 Other
- 2017-06-26 Publication
Places mentioned
- Restaurant Newfoundwell Road
- Bredin Street
Topics
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