Ulster Bank has agreed not to market or sell off the Harcourt Building until after the High Court decides on a dispute between it and businessman David Agar. An application by Mr Agar for continuing injunctions against the receivers did not proceed yesterday after the sides agreed terms, including that the receivers would not sell the Harcourt Building pending the outcome of Mr Agar’s main action.
The sides also agreed to seek an early hearing date for the full action.
Ulster Bank last month appointed joint receivers to the Harcourt Building, at the junction of Harcourt Street and Adelaide Road in Dublin, but Mr Agar had secured interim orders from the High Court restraining the receivers acting or dealing with the property.
When the injunction matter came before Ms Justice Mary Finlay Geoghegan yesterday, she was told it could be struck out on the basis of terms handed into the court. These included that Ulster Bank not market or sell the Harcourt Building pending the court’s ruling on Mr Agar’s action.
Ms Justice Finlay Geoghegan fixed July 5th for the full hearing.
