The Commercial Court has ordered businessman Harry Crosbie to pay €0.75m to the developers of the Grand Canal Theatre.
The court was told that under the terms of a settlement reached last June, Mr Crosbie had agreed to pay €750,000 to Ramford Ltd.
The company, which is controlled by Joseph O'Reilly, developed the 2,000 seat theatre which opened last March. It later brought a High Court action claiming Mr Crosbie owed €3m.
The Commercial Court was told today that the deadline for the payment by Mr Crosbie had passed on September 1 and Ramford was seeking to re-enter the case to enforce the terms of the agreement.
Lawyers for Mr Crosbie said attempts were being made to discharge part of the debt today and asked for a stay on the judgement. However Mr Justice Peter Kelly said by not paying the debt he had already had the benefit of a month's delay.
