Fund’s €2m bid unfair and premature, says Mick Wallace

Independent TD Mick Wallace has opposed as “unfair and premature” an application by a fund for €2m summary judgment orders against him over his guarantee of a bank loan to his firm.

Mr Wallace previously said he lacks the means to repay €20m separately due to ACC Bank, the Commercial Court heard.

Mr Justice Brian McGovern yesterday heard arguments on behalf of the TD and the Promontoria (Aran) Ltd fund before reserving his decision on the summary judgment application. The judge indicated he would rule within a few days.