AIB take action against Kildare mother and son
The loans were advanced to Mr Nolan and a number of individuals on a joint and several basis.
After the loans fell into arrears, the bank issued a demand for repayment against Mr Nolan but the money was not repaid, according to documents filed by the bank in the Commercial Court.
The bank sought judgment for €3.26m against Mr Nolan and also against his mother Ann, also of Gormanstown, Kilcullen, who guaranteed the loans up to the sum of €1.5m.
Mr Justice Brian McGovern yesterday admitted the bank’s case against them to the Commercial Court.
Counsel for Mr Nolan objected on grounds that there had been culpable delay by AIB in bringing the proceedings and because, it was argued, they were not urgent.
Mr Nolan would also be putting in a defence to summary judgment on the basis that the bank had not proved the debt, his counsel said.
Counsel for his mother did not object to the entry of the case to the commercial list but said they would also be lodging a defence.
Mr Justice McGovern said he would hear the application summary judgment against both defendents in December.
In a separate case, AIB is seeking summary judgment against Patrick and Jacinta Kennedy, of Kilrue, Drogheda St, Monasterevin, Co Kildare, arising out of a €1.16m business loan in 2010 and personal guarantees they gave for some €486,000.
The loan was taken out to refinance a debt to another bank in relation to the purchase of a house and six acres at Togher Rd, in Monastervin.
When the defendants failed to make repayments on the due dates, the bank demanded full repayment and also called in the guarantees.
Mr Justice McGovern also entered the case against the Kennedys into the Commercial Court list after hearing there was no objection to the application.
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