Plans by Kerry County Council to buy 50 acres of prime land in Kenmare for use as a public amenity have been delayed by claims on the land by two Kenmare residents.
The land which sold for almost €20 million euro during the boom streches the coastline between Kenmare Pier and the mouth of the Finnihy River.
Receiver for Oaktree Capital Ltd, Ken Fennell of Deloitte, sought an interlocutory injunction in the high court against two individuals, Property developer Brian Gallivan and businessman Hans Ventura, who have claimed rights to the land.
The injunction was part of an effort to gain vacant possession to allow the sale to the council go ahead.
The injunction application was denied in the high court by Ms Justice Murphy and the case will now be heard in full next January.
Kerry County Council had a bid for the land accepted in principal by the receiver last October and intends to develop it for the people of the area.
The Peninsula land was to be developed as a major residential and commercial area before it was ultimately transferred to NAMA who sold it to current owners Oaktree Capital.
Brian Gallivan had no comment to make on the case while Receiver Ken Fennell and businessman Hans Ventura did not respond to calls for comment.
Kerry County Council says, as the matter is currently before the courts, it would not be making any comment.
Fianna Fail Senator Mark Daly has called on Kerry County Council to ensure that they secure the lands as a public park for the benefit of the people of the area.
Fine Gael Cllr Patrick Connor Scarteen has called on Kerry County Council to do everything in its power to secure the lands.