The Commercial Court has made orders against the former Kilkenny hurler, DJ Carey, and his partner, Sarah Newman, for the repayment of almost €9.5m to AIB.
Lawyers for Mr Carey and for Ms Newman, a former 'dragon' on RTÉ programme Dragon's Den, told the court they were consenting to the judgment orders being sought by the bank against them.
In April 2007, AIB offered DJ Carey a mortgage of almost €8m.
The loan was secured on a property at the exclusive Ladycastle estate in The K Club in Co Kildare and a property at Mount Juliet in Kilkenny.
The borrowings were guaranteed by his partner, Sarah Newman.
DJ Carey in turn guaranteed Ms Newman's mortgage of €1.5m, secured on another property at Ladycastle.
The court heard DJ Carey's mortgage was in arrears by January this year, and the bank called in the loan.
Ms Newman's loan had gone into what were described as relatively minor arrears and that too was called in, along with the guarantees each had given.
Mr Justice Peter Kelly was told by a solicitor for Mr Carey and Ms Newman that they were consenting to the orders sought by AIB being made against each of them for the repayment of €9.5m.
In documents submitted to the court, AIB said the mortgages advanced to Mr Carey and Ms Newman were to allow them to release equity on properties they owned.
It said the mortgages and guarantees were given in the context of a wider commercial transaction involving Mr Carey and associated businesses to refinance debt due to Irish Nationwide Building Society.
Mr Justice Kelly allowed a four-week stay on the order against Mr Carey to allow time for him to see if he could come to an arrangement with the bank.
However, he refused such a stay in Ms Newman's case after being told by AIB it may be able to recover some of the money owed if it moves against a Swiss property owned by her.
