Mr Kavanagh and Greg Kavanagh Dev Co Limited are seeking the orders against Anne O’Neill and Ballycrag Developments Limited, which is in receivership.
In each of those projects Mr Kavanagh, of Bath Avenue, Dublin, alleges Mr Walsh has invested money for those projects through Ms O’Neill, who acts as her husband’s agent or proxy in the execution of formal documents. Mr Kavanagh and his company, who are represented by Martin Hayden SC, appearing with James Hayden BL instructed by Philip Reynor of Eversheds Sutherland solicitors, say that the plaintiffs have entered into a valid contract for sale in respect of the property.The next tranche of €1.8 million was to be paid to the defendants within eight months of the settlement agreement reached in mid-January.
Counsel said the plaintiffs fear the deal to buy the property has been reneged on and said his clients discovered following a conversation with a real estate company earlier this month that the property is on the market and that it could be sold within a matter of days.