Businessman Denis O'Brien's application for an injunction against RTÉ, preventing a report about what he says are his private banking affairs from being broadcast, has been adjourned until 12 May.

Senior Counsel for Mr O’Brien Michael Cush said the sides had reached an agreement in relation to an adjournment.

He said RTÉ had undertaken not to publish or disclose the material at the centre of the application in the meantime.

Lawyers for RTÉ said they consented to giving that undertaking.

Lawyers for the Irish Bank Resolution Corporation told the court they are also seeking an injunction against RTÉ in relation to the report.   

The IBRC's application was also adjourned until 12 May.

Yesterday, Mr Cush handed two sealed envelopes to Mr Justice Paul Gilligan.

He said the first contained a letter from RTÉ to Mr O'Brien outlining the fact that work was being carried out by the news department on a report to be broadcast today.

He told the court yesterday that the report was to state certain matters and ask certain questions but at no point was it suggested there was wrongdoing on anyone's part which would be relevant to the public interest.

The second letter was written by Mr O'Brien and referred to details of particular sums of money representing his indebtedness to the IBRC. 

Mr Cush said it referred to Mr O'Brien's personal banking facilities and was undoubtedly confidential.