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Supreme Court dismisses appeal from High Court, and affirms judgment in the sum of €768,016 against two defendants, and in the sum of €223,533 against two other defendants, where all defendants had executed guarantees concerning loans to a limited company, on the grounds that the lender had adduced sufficient evidence of debt, and that the defendants had failed to establish that the statutory regime created a commercial advantage to the lender.
Finlay Geoghegan J (nem diss): Appeal from 2011 decision of High Court - summary judgment in sum of €768K against two defendants and €223K against two other defendants - directors of company - guarantors of loans - appointment of liquidator - failure to establish arguable defence - whether sufficient evidence of debt - lender's commercial advantage.
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