FF councillor ordered to repay loan
Mr Justice Peter Kelly made the order yesterday against Gerard Killally, an auctioneer, and his wife Naomi, of Shean, Edenderry, Co Offaly, who were separately represented, after being told there was no dispute the bank was entitled to repayment of loans due, but there was a dispute about the exact amount owed.
Bernard Donleavy, for Ms Killally, said his client believed the debt was overstated by about €250,000 and was opposing the case being admitted to the Commercial Court. Noting the amount sought by BoI was €2.9m and it was entitled if it chose to apply for a money judgment, the judge said he would admit the case and enter judgment against the Killallys in the sum of €2.6m. He adjourned to January next the hearing of the dispute over whether the remaining monies up to €300,000 were owed.
