A DIRECTOR of several Tuskar property companies, now in liquidation, has been ordered by the Commercial Court to repay loans of some €2.83 million to Bank of Ireland.

Mr Justice Peter Kelly granted judgment in that sum yesterday to the bank against Alan Hynes and his wife Noreen, of Westwinds, Crosstown, Co Wexford.

Neither Mr nor Ms Hynes appeared in court or were legally represented.

Rossa Fanning, for the bank, said the defendants had been served with the proceedings and his side had received an e-mail from Mr Hynes on January 21st last which “did not really speak to the issues” raised in the case.

Mr Justice Kelly said he was satisfied the defendants had been served with the proceedings and the bank was entitled to judgment for the sum sought – €2,838,796, plus costs.

The Bank of Ireland said it had sought judgment for money due on foot of a term loan facility sanctioned in late November 2005 to refinance a development loan which the defendants previously held with Bank of Scotland Ireland.

The terms of the loan involved monthly repayments of some €15,631.