A partnership linked to broadcaster Gay Byrne is being sued for €1.2 million
The case relates to a loan acquired by a fund from the Bank of Scotland.
A FUND HAS taken proceedings seeking a €1.2 million judgment against a partnership comprised of broadcaster Gay Byrne, his wife and their two daughters over a loan acquired by the fund from Bank of Scotland.
The case has been brought by Feniton Property Finance DAC, which in 2015 acquired a loan of €1 million issued to the Clonskeagh Partnership from Bank of Scotland (Ireland) in August 2007.
In a sworn statement to the court, the fund said the loan was to be used to fund an investment by the partnership in the Quinlan Private CERDII Fund.
The partnership is made up of Gay Byrne, his wife Kathleen and their daughters Susan O’Byrne and Crona Byrne.
The loan was for a period of six years, and expired in 2013. In November 2015 the fund purchased the loan from Bank of Scotland (Ireland).
In its action against the partnership, the fund claimed the monies borrowed were not repaid.
In April of this year, the fund said it made a demand on the partnership for the full amount it claimed is outstanding on the loan.
It claimed the demand has not been satisfied and sought judgment against the partnership for just over €1.226 million.
The case was admitted to the fast-track Commercial Court list by Justice Brian McGovern on Monday.
There were no objections to the application to have the case admitted to the list, made on behalf of the fund by Paul Gardiner SC.
The case will return before the High Court in January.
