Sean Quinn must repay over €400m to Anglo Irish Bank - court
BUSINESSMAN Seán Quinn must repay €417m to the the Irish Bank Resolution Corporation, formerly Anglo Irish Bank, the Commercial Court ordered today.
A summary judgment against Mr Quinn was granted to IBRC by Mr Justice Peter Kelly.
The bank's claim for a further €1.6bn has been adjourned until next Monday to give the official receiver in charge of Mr Quinn's bankruptcy in Northern Ireland a further chance to tell the court if he wants to challenge that claim.
The Judge granted the order for almost €417m as it relates to sums of money that Mr Quinn has admitted that he owes and are therefore undisputed.