A home on Edgartown-West Tisbury Road is embroiled in a lawsuit that accuses the Uncle Nearest whiskey brand of defaulting on more than $100 million in loans.

The select board Monday held a hearing on a new proposed bylaw that would limit private residences to two social events per week exceeding 50 people and no more than five events total per month.

In a select board meeting Monday, neighbors lashed out against a property dubbed the Uncle Nearest House, claiming that the house’s frequent parties violate the residential area’s zoning laws.