Businessman Seán Quinn was today ordered to pay more than €1.7 billion to Irish Bank Resolution Corporation, formerly known as Anglo Irish Bank.

Mr Quinn, who recently applied for bankruptcy in Northern Ireland, did not take part in proceedings at the Commercial Court in Dublin.

The banking group has now secured judgments totalling more than €2 billion (€1.52 billion, $589m and 13 billion Japanese yen) against him. These are the largest judgments against an individual by the Irish courts.

The Commercial Court heard the amounts were from personal guarantees Mr. Quinn had given on behalf of lending to a Quinn subsidiary (Quinn Finance) for "a whole series of ventures in various parts of the world". Last week judgment was made against Mr Quinn for a total of €419m. Today, judgment was granted against him to repay €1.74 billion.

The remainder of the bank's claim had been adjourned until today to give the official receiver in charge of Mr Quinn's bankruptcy in the North a further chance to tell the court if he wanted to challenge that claim. Today, the receiver said he would be making no application in relation to the order.

Last week, lawyers for the former Anglo Irish Bank also brought an application at the High Court in Belfast to have Seán Quinn's bankruptcy in the North annulled. A full hearing for the application is to take place on December 19.

"Today's Commercial Court judgment gives clear, unambiguous recognition to the legal obligations of Mr Quinn in relation to these guarantees and that is welcomed today by IBRC," said the bank's chief executive Mike Aynsley in a statement.

But a statement from Mr Quinn described Anglo's action as "totally pointless, self-serving and vindictive", adding that it did not improve the prospects of recovering money for the taxpayer.

He also accused the bank of pursuing a "personal vendetta" against him, as well as wasting money on "pointless legal appeals".