INJUNCTION: ULSTER BANK has disputed claims by developer David Agar that it was not entitled to appoint joint receivers to one of his properties in Dublin city centre.

The bank earlier this month appointed joint receivers to the Harcourt Building, at the junction of Harcourt Street and Adelaide Road, but Mr Agar then secured an interim injunction from the High Court restraining the receivers acting or dealing with the property. Mr Justice Peter Kelly yesterday agreed to transfer the case and fixed March 15th for hearing Mr Agar's application to have the restraining injunction continued, pending the full hearing of a dispute as to whether the bank was entitled to appoint the receivers. Declan McGrath, for the bank, said the case was urgent as the receivers were restrained from acting and rental payments were due. Jarlath Ryan, for Mr Agar, said he was prepared to undertake not to dispose of any rental payments received in addition to providing the normal undertaking for damages.