Court dismisses injunctions sought over golf course lands

The High Court has dismissed an application by a businessman seeking injunctions to regain control of a golf course property in County Wicklow from a court-appointed receiver. Ms Justice Caroline Costello ruled on Wednesday that the applicant had failed to establish a credible case for trial or demonstrate that financial compensation would be inadequate. The judge found that granting the injunctions would undermine the receivership process. The dispute centres on 126 acres at Coolnaskeagh, Delgany, which form the basis of the golf club business. The defendant fund had appointed a receiver following the applicant's failure to meet a demand for €1.65 million on mortgage arrangements originally entered into with a bank in 2003, 2005, and 2008. The loans were later acquired by the fund in 2015. A property in County Roscommon was among the assets secured against the loans. The case has been adjourned to a date following the Easter recess.