Businessman faces €89.9m demand

AN €89.9 million summary judgment order entered against a Laois businessman in favour of Anglo Irish Bank is believed to be the largest judgment against an individual by the Commercial Court.

The order arose from loans advanced by Anglo from 2006 and into 2009 to companies controlled by Thomas Keane and associated with the Killenard and Heritage Hotels and Golf Club in Co Laois.

Anglo had in June last appointed joint receivers over the assets of the defendant, mainly properties, which were secured in favour of the bank.