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Jim Mansfield's son among group sued for €6.3m by AIB Irish Times

29.04.10

THE COMMERCIAL Court will rule today whether AIB is entitled to summary judgment orders for some €6.28 million against four businessmen, including a son of well-known hotelier Jim Mansfield, over unpaid loans advanced to develop lands in Co Meath.

AIB has brought the claim against James Mansfield jnr, Palmerstown House, Johnstown, Co Kildare; Brian Higgins, Allensgrove, Celbridge Road, Leixlip, Co Kildare; Glen O’Callaghan, Drapier Road, Dublin 11; and Séamus Kavanagh Kyle, Killea, Templemore, Co Tipperary.

The bank alleges that the four owe some €6.3 million as a result of loans advanced to them from 2003, linked to the purchase of a site at Duleek, Co Meath.

The bank claims the defendants had formed the “Duleek partnership” to buy the lands to build apartment blocks, an underground car park, and commercial units, which were to be sold on. The bank demanded repayment of the loans last September.

Counsel for the defendants yesterday opposed the bank’s entitlement to summary judgment on grounds they had made out an arguable defence to the bank’s claim, justifying the case being sent to full hearing.

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