AIB has asked the Commercial Court for orders allowing it to further examine the financial affairs of businessman Tony O’Reilly.
The bank also wants the former chairman of Independent Newspapers to be cross examined in court.
The court heard most of the €7.4 million from the sale of his home "Castlemartin" in County Kildare had gone towards reducing his debt to AIB to around €14.3 million.
However the bank wants further information on his ability to pay more towards the €22.6 million judgment entered in favour of the bank last June.
It also wants disclosure of any asset transfers over a certain value made in the last five years.
The court heard he is to participate in the equivalent of our personal insolvency arrangements in the Bahamas where he has a home.
His doctor in New York said last month the 79-year-old should not travel for at least the next two months, AIB says.
Indexia Holdings and Brookside Investments Ltd failed or refused to disclose other financial information - affidavit
Judgments for €18.5m and €4.1m respectively were also entered last June against two of his investment vehicles, Cyprus-registered Indexia Holdings and another company called Brookside Investments Ltd.
Indexia's debt now stands at around €10m following the sale of 8.9 million shares in Independent News and Media for €1.5m, AIB senior manager Mark Harris says in an affidavit.
Brookside's debt is still €4.2m as an estate in Glandore in Cork, "Shorecliffe House", which was Mr O'Reilly's Irish home, has not yet been sold.
Mr Harris says receivers were appointed to sell Shorecliffe but it remains on the market and it is hoped to find a buyer in the near future.
While these measures to meet the debt have taken place, Mr Harris says Mr O'Reilly and the two companies have failed or refused to consensually disclose other financial information.
As a result, AIB brought an application before Mr Justice Brian McGovern for an order that Mr O'Reilly and others connected with the companies attend before the Commercial Court to be examined in relation to any other assets.
The bank seeks orders that Mr O'Reilly disclose records and accounts relating to the following companies: Galicia Management Ltd, Birchfield Holdings Ltd, Balinae Enterprises Ltd, Araphoe Investments Ltd, Glandore Ltd, Arquette Ltd, Collins Hill Investments Ltd and Halsey Investments (Cayman) Ltd.
It also wants him to disclose details on oath of any asset transfers worth more than €10,000 made within the last five years.
The banks also wants orders allowing it examine under oath Elena Mixahlidou and Xrista Theodrou, directors of Indexia, along with company secretary Eirene Loytee.
It also seeks up-to-date accounts from Indexia.
The bank wants to examine Pauline O'Donavan, director of Brookside and company secretary/director James Kelly, and also wants copies of its latest audited accounts.
It wants an order requiring the defendants to furnish charts displaying the ownership structure of any assets indirectly and/or beneficially held by intermediate companies.
Mr Harris says he met with Bernard Somers, a representative of Mr O'Reilly and the two companies, last July when details were sought about their financial affairs.
Mr Somers refused to do so unless a stand-still agreement, in relation to recovery of the debt, for a certain period, could be arranged.
This was not acceptable to AIB and there followed correspondence but as of last month, the defendants' solicitors had failed to provide documentation sought in relation to their financial affairs, Mr Harris says.
They have however said Indexia is to be placed in a creditor's voluntary winding up which will affect Brookside as it is a subsidiary of Indexia.
Mr O'Reilly himself is proposing a "composition with his creditors under Bahamian law in the near future".
His solicitors had also written saying Mr O'Reilly had arranged a meeting of his creditors in London on 30 April last at which an extraordinary resolution was to be proposed resolving to accept a composition with his creditors in satisfaction of their debts.
The solicitors also provided a statement of his assets and liabilities along with a medical report from a doctor in New York, dated 14 April, stating Mr O'Reilly should not travel for at least the next two months.
Mr Harris believes there are no impediments to the bank proceeding to have Mr O'Reilly examined before the court.
The case was adjourned until next month.
