Donegal developer and family ordered to pay 18 million euro to NIB

National Irish Bank secured summary judgment orders for almost €12 million against Donegal property developer Brendan Gildea.

Orders were also secured for about €6 million against his wife arising from their personal guarantees of the debts of their property company.

There was no appearance by or on behalf of Mr Gildea, his wife Tessie and their company, Brendan Gildea Ltd (in receivership), all with addresses at Brookside Villas, Magherennan, Letterkenny, when the bank’s proceedings came before Mr Justice Peter Kelly at the Commercial Court .