AIB gets order on Barry’s shares

ALLIED Irish Banks has secured an interim charging order over some 90,000 shares in Barry’s (Cork) held by one of its directors as part of the bank’s effort to execute an €8 million judgment order obtained against that director and another businessman.

Donagh Barry, Cowper Road, Rathmines, Dublin, and Michael McCarthy, Shrewsbury Downs, Ballinlough, Co Cork, had not advanced any defence last May to AIB’s application for €8 million summary judgment orders against them, and Mr Justice Peter Kelly granted the judgment orders.

The applications arose from personal guarantees provided by them in August 2007, up to a maximum €8m, over loans provided to Central Plaza Properties Ltd with registered offices at Cork Road, Midleton, Co Cork.