Metropolitan Hotel Shut Down over US$51,740 Unpaid Loans

first_imgMetropolitan Plaza Hotel, situated on Broad Street, Monrovia, was last Thursday shut down by the Commercial Court for defaulting on a US$51,740 loan from Global Bank-Liberia Limited.The hotel’s closure was a result of the final judgment entered against the hotel by the court on November 13, 2013.The bank said it loaned or guaranteed Metropolitan Plaza US$99,000 before the lawsuit, of which US$51,740 is still owned by the company.A.N. Charifz, general manager of the hotel and loan guarantor, was nowhere to be found when the court’s officers went to close it down following a “Writ of Execution” issued by Resident Chief Judge Eva Mappy Morgan, last Thursday.In the execution order, Judge   Morgan instructed her court   officers that, “If Charifz fails to comply with the order, they   should arrest him for contempt of court consistent with 1LCL Revised Chapter 44- enforcement of judgment and orders.”The court further ordered Charifz to pay Global Bank the sum of money necessary to satisfy the judgment adding that “if the money that would be realized from sale of the company’s properties is not sufficient to pay the reasonable expenses, then seize the real properties until it shall have raised the sum of US$51,740.”Judge Morgan also instructed court officers to seize and expose for sale land, goods and chattels of the management of Metropolitan Plaza Hotel.”Immediately, after the sudden closure of the hotel, an employee was heard phoning his fellow workers shouting,” Oh, guys the government has closed the hotel. We and our customers have been left in the cold, especially in this festive Season,”According to financial experts, non-payment on bank loans by business institutions could jeopardize the entire financial system of the country,   especially in the post- Ebola recovery period.In August 2013, Global Bank Liberia Limited filed a case in the Commercial Court to recover US$99,000 from Metropolitan Plaza in unpaid loans and interests due the bank.After the company was sued for non-payment, the court ruled on November 3, 2013 that the company was not paying the US$99,000 loan in compliance with the agreement and authorized the bank to sell the company’s mortgaged properties to recover the outstanding debts.The court at the time also ordered the company to settle the outstanding debt within a few months, which it failed to do up to the hotel’s closure last Thursday.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more


first_imgA Glenties woman is putting her shirt on Jim McGuinness leading Donegal to All-Ireland success.Denise Boyle has designed her own t-shirts in honour of the Donegal manager and neighbour and she’s hoping they can bring the team some luck in their search for Sam Maguire.Denise, a daughter of Highlands Hotel owner Johnny Boyle, got the idea from a friend and decided just to go for it. She decided that local hero Jim used to look like legendary rebel Chez Guevara with his famous goatee beard and decided to use the iconic image on her t-shirts.“Jim and the team have done so well and we are very proud of them all.“Myself and a friend were chatting about it and I just decided to do up an image for the t-shirts and then have them made.“It’s not a profit thing because I’m not interested in making money out of it. But they’re available in the hotel and they are going down really well. ‘They’re not as fancy as the official Donegal jersey but people can wear them in the run-up to the big game,” she said.Denise has designed a mural for outside the family’s famous hotel but insists she is not an accomplished artist like her dad.“I just sketched the mural from a photo and added the hat but people really seem to like it,” she added.And she hopes that plenty more people will take the shirts off their back and follow Jim when Donegal beat Dublin and make it to the final!*HAVE YOU DONE ANYTHING WACKY TO CELEBRATE DONEGAL’S ROAD TO CROKER? LET US KNOW AT INFO@DONEGALDAILY.COM EndsDONEGAL GETS READY TO PUT ITS ‘SHIRT’ ON JIM AND HIS REBELS! was last modified: August 17th, 2011 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:Croke ParkDenise BoyledonegalJim McGuinnesslast_img read more