Court to rule on alleged failure to repay loans to AIB
The Commercial Court will rule later tomorrow if Allied Irish Bank is entitled to summary judgment orders for some €6.28m against four businessmen, including a son of well-known hotelier Jim Mansfield, over their alleged failure to repay loans advanced to develop lands in Co Meath.
AIB claims that James Mansfield Jnr. Palmerstown House, Johnstown, Co Kildare, Brian Higgins Allensgrove, Celbridge Road, Leixlip, Co Kildare Glen O'Callaghan, Drapier Road, Dublin 11 and Seamus Kavanagh Kyle, Killea, Templemore, Co Tipperary, owe it some €6.2m as a result of loans advanced to them from 2003 in connection with the purchase of a site at Duleek, Co Meath.
