Danske Bank pursuing Cullen for more than €8m in loans
Danske Bank is pursuing Ireland’s best-known car dealer, Bill Cullen, for more than €8.2 million over unpaid loans.
The bank applied to Mr Justice Peter Kelly at the Commercial Court yesterday for leave to serve notice of the proceedings on Mr Cullen at his home at Osberstown House, Sallins, Co Kildare, after saying it had experienced difficulties serving the legal documents on him personally.
Rossa Fanning, for the bank, said about four efforts to effect personal service had proven unsuccessful and he was seeking an order for substituted service.
Mr Justice Kelly granted counsel an order allowing the proceedings be served via ordinary pre-paid post to Mr Cullen’s home.
Earlier this month, 45 employees at Mr Cullen’s Glencullen Holdings, which operates car dealerships in Swords and Liffey Valley in Dublin, were told Ulster Bank, owed an estimated €12 million, had appointed receivers to the company to secure its loans.
Mr Cullen, owed €19.5 million, is the biggest creditor of Glencullen.