Articles tagged with: shopping centre development

Blayney trader must repay €32 million in loans for shopping centre development, court rules

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11 Mar 2011 Comments Off on Blayney trader must repay €32 million in loans for shopping centre development, court rules

A Castleblayney trader was informed in the Commercial Court in Dublin on Friday that he must repay a €32 million loan he obtained from a bank to fund a shopping centre development in the Mid-Monaghan town. Forty-year-old Jim McConnon of Main Street, Castleblayney was told by Mr Justice George Bermingham that Zurich Bank was entitled to recover the €32 million in unpaid loans which it had made to him in 2007. The Judge ruled that the ‘Blayney man had failed to make any arguable defence to the bank’s ...