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Tue 07 Jul 2008Hoteliers ordered to repay €2m loan
A BANK has secured a court order requiring two men to repay loans of some €2 million secured on the Old Mill Hotel in Julianstown in Co Meath, which was later destroyed by fire.
However, Mr Justice Peter Kelly agreed to put a stay on registration and execution of the order for judgment against Michael Durkin, of Cois Inbhir, Donabate, Co Dublin, and John Lynch, of Kalyn House, Beaulieu, Drogheda, Co Louth, until October next to allow for the sale of the property.
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