Courts / Galway / Report

Promontoria seeks €13.5m summary judgement against Galway man

Date
2018-01-29
Stage
Hearing Or Decision
Primary locality
Galway
County
Galway

Summary

Promontoria Arrow Ltd has applied for summary judgement of €13.5 million against Galway property owner Martin Tolan, following an alleged failure to repay loans originally provided by Anglo Irish Bank in 2007. The loans were later acquired by National Asset Loan Management Ltd and then by Promontoria in 2015, which called in the debt. Promontoria claims Tolan has no defence and that settlement talks failed. The application was admitted to the fast‑track Commercial Court list by Justice Brian McGovern, with no objections, and the case was adjourned for two weeks.

Who, what, where, when and why

What: Report matter: Promontoria seeks €13.5m summary judgement against Galway man. Charges or matters: failure to repay loans. Procedural stage: hearing_or_decision

When:

Case subjects

Martin Tolan

Respondent

Charges: failure to repay loans (Alleged Or Contested)

Outcome: adjourned for two weeks

Places mentioned

Secondary Mention
Residence

Topics

Stage Hearing Or Decision

Related court reports

Read the original CNI report

Correction or retraction request

If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.

Email a correction request