Byrne to pay €2m to IIB

SOLICITOR Thomas Byrne was yesterday ordered by the Commercial Court to repay €2 million to IIB Homeloans.

Mr Justice Peter Kelly granted summary judgment to IIB for €2,036,749 against Mr Byrne, whose practice, Thomas Byrne & Company, Walkinstown Road, Dublin, has been closed by the Law Society. Mr Byrne did not contest the application for judgment, which related to loans made to him from 2003.

The bank claimed Mr Byrne had failed to honour undertakings to execute charges over properties advanced as security for the loans.