Winnipeg Free Press - ONLINE EDITION

Portage car dealership being sued over $1-M loan

  • Print

A Portage auto dealer is being sued by another local firm for more than $1 million for allegedly failing to repay a series of loans.

N.M. Tilley Realty Ltd., also of Portage la Prairie, recently filed court documents alleging over a period of 11 months in 2010 it loaned businessman Mark Ram and his auto dealership, Mark’s Auto Sales Inc., a series of loans totaling more than $1 million.

Tilley states in the documents the loans were made to finance the vehicle purchases of Mark’s Auto Sales but alleges the bulk of the loans were never repaid.

Tilley is asking the court to award it $1,095,155 plus 10 per cent interest.

The allegations have not been proven in court. A statement of defence has not been filed. A court date has not been set.

Mark Ram told the Free Press that he did not want to comment about the law suit.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

The Winnipeg Free Press is not accepting comments on this story.

letters

Make text: Larger | Smaller

LATEST VIDEO

The Whiteboard - Jets' 5-on-3 penalty kill

View more like this

Photo Store Gallery

  • A baby Red Panda in her area at the Zoo. International Red Panda Day is Saturday September 15th and the Assiniboine Park Zoo will be celebrating in a big way! The Zoo is home to three red pandas - Rufus, Rouge and their cub who was born on June 30 of this year. The female cub has yet to be named and the Assiniboine Park Zoo is asking the community to help. September 14, 2012  BORIS MINKEVICH / WINNIPEG FREE PRESS
  • A female Mallard duck leads a group of duckings on a morning swim through the reflections in the Assiniboine River at The Forks Monday.     (WAYNE GLOWACKI/WINNIPEG FREE PRESS) Winnipeg Free Press  June 18 2012

View More Gallery Photos

Poll

Now that former cabinet minister Theresa Oswald has entered the NDP leadership race, do you believe the "gang of five" rebel ministers were right to publicly criticize Premier Greg Selinger's leadership?

View Results

View Related Story

Ads by Google