€47m judgment sought from Kelleher

Nama is pursuing businessman Garrett Kelleher for €46.8m summary judgment orders arising mostly from a limited guarantee relating to substantial loans made by the former Anglo Irish Bank for developments in Ireland, the US and Belgium.

€47m judgment sought from Kelleher
Wed, 23 Jul, 2014 - 01:00
Ann O’Loughlin

Nama claims €350m is outstanding under those loans and Mr Kelleher is liable under guarantee for €40m.

Mr Kelleher will contend he was assured he would not be pursued under his guarantee given his “extensive co-operation” with Nama, his counsel Michael Cush told the Commercial Court.

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CourtsPlace: IrelandPlace: USPlace: BelgiumPlace: Cratloe WoodsPlace: LimerickPlace: Herbert ParkPlace: Ballsbridge, DublinPlace: ChicagoPerson: KelleherPerson: NamaPerson: Garrett KelleherPerson: Michael CushPerson: CushPerson: Peter KellyOrganisation: Anglo Irish BankOrganisation: Commercial CourtOrganisation: CWD Properties LtdOrganisation: Shelbourne ConnectionOrganisation: NAMAOrganisation: Modillion Borrowers’Organisation: RBS Specialised Property Investments Ltd
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