Bank pursues couple for €1m

A BANK which is owed €1 million by a Co Kerry couple, on foot of personal guarantees of a company debt, had failed to accept a number of cheques of €1,200 advanced weekly by the couple in a bid to repay that debt, the Commercial Court was told yesterday.

Eamon McElligott, of Kilcolman, Asdee, Listowel, representing himself, had told the judge that he had sent a number of cheques to Friends First Finance Ltd relating to debts of the couple’s company, Asadee Quarry Products Ltd, arising from hire purchase and lease agreements for machinery in 2006 and 2007.

He said the bank had failed to cash those cheques on the grounds they were not sufficient.