John Philip Ryan fails to defend AIB’s €2.25m claim

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

John Philip Ryan failed to raise a bona fide defence to AIB’s €2.25m summary-judgment claim in the High Court, reported on 21 March 2019. The claim concerned a guarantee linked to loans for the Globe property on Cecil Street, Limerick.

Mr Justice Michael Twomey found no fair and reasonable probability of a real defence after considering arguments about an alleged agreement supporting the property’s proposed hostel development. The judge said there was no cogent documentary evidence of that agreement and adjourned final orders, with separate proceedings also continuing.