Bank seeks €1.16m from company directors
Bank of Scotland Ireland has brought its proceedings against John Cunningham, of Termon, Virginia, Co Cavan, and Edward Cunningham, Athlumney, Co Meath, over loans issued to Tronmarron Ltd in 2003 and 2004 for the purchase of a site and construction of three houses.
The bank claims the defendants entered into separate guarantees securing the loans to Tronmarron. It says it served demands on foot of those guarantees on both defendants in November 2007 seeking repayment of the loans, with no monies yet paid. The bank claims €1.16m is due and is seeking judgment in that amount.
