Solicitor Michael Lynn has been ordered by the High Court to repay € 7.1 million to Anglo Irish Bank.
Mr Justice Peter Kelly today granted summary judgment for €7.127 million, including interest, plus costs, against Mr Lynn.
Gabriel Gavigan, for Mr Lynn, said he was not opposing judgment in the principal sum of €7.07 million but that stance was not to be taken as an acceptance of what was in the bank's affidavits.
The bank said the debt arose from loan facilities granted by it earlier this year to one of Mr Lynn's companies, Proper T Capel Ltd, for the purpose of buying residential investment properties.
The loans were guaranteed by Mr Lynn and were repayable on demand, it was claimed.
The bank said it had demanded repayment last month but no monies were paid. It then appointed a receiver over the assets of the company and issued a demand to Mr Lynn to pay the monies due on foot of his guarantee and indemnity. To date, no monies had been paid, it said.
Mr Lynn's practice in Dublin has been closed by the Law Society. He is alleged to have taken multiple mortgages on the same properties. From documents given to the Law Society by Mr Lynn, it has emerged that he has assets with an estimated value of more than €52 million.