Bank seeks €10.8m from Kerry businessmen

A bank is pursuing two Kerry businessmen for €10.8 million summary judgment orders over loans advanced for a development in Dingle, Co Kerry.

AIB’s proceedings against Billy Moloney, Racecourse Road, Tralee; and Eamon McCarthy, Cragg, Currans, Farranfore, were transferred yesterday to the fast-track Commercial Court.

John O’Donnell, for the defendants, said they were not objecting to the case being fast-tracked but among their concerns was that the bank should facilitate the speedy completion of sales by providing its consent.