This is just not a good week for Priory Hall developer, Tom McFeely. A warrant, courtesy of Dublin District Civil Court, is out for his arrest for non-payment of a €24,000 debt. His €10m house on Dublin’s upmarket Ailesbury Road is set to be seized in a NAMA repossession. And yesterday, the Agency made a fresh application against him in Dublin’s High Court.
The new application (reference number 2012/2880S) was made by National Asset Loan Management Limited whose solicitors are Alfred Thornton and Company, which is, I think, the first time NAMA has used this firm – it doesn’t appear a large undertaking and its website is currently “under construction”.
The respondent is solely Thomas McFeely and as is usual in newly-filed applications, there is no solicitor on record for the respondent.
This is the second application by NAMA at Dublin’s High Court against Thomas McFeely this year. It is believed the earlier application was to deal with the repossession of the house on Ailesbury Road.
In the past, NAMA has taken legal action against individuals to enforce personal guarantees or to secure personal judgments, but it should be stressed that we do not know if either of these objectives lies behind the current application. NAMA generally doesn’t comment on individual legal cases.
So far this year, NAMA has launched 20 separate actions in Dublin’s High Court and has been on the receiving end of six.