A High Court action by former La Stampa restaurant owner Louis Murray against a bank and a receiver has been withdrawn.

Talks between lawyers for former La Stampa restaurant owner and those for a bank and a receiver have achieved a "conditional basis for a settlement" of the dispute between them, the High Court has heard.

Former La Stampa restaurant owner, Louis Murray has instructed his lawyer to apologise for and withdraw comments about a bank-appointed receiver, including calling him "a thug" the High Court has heard.

The owner of the former "La Stampa" restaurant in Dublin's Dawson Street, Louis Murray, was "terrified and confused" to find a bank had appointed a receiver to sell the asset just days after he believed he had entered into an agreement for the consensual sale of the property, the High Court heard.