€2.5m judgment sought against Denis O’Flynn

A Nama associated company is to seek an order for a €2.5m judgment in the Commercial Court against businessman Denis O’Flynn of the Cork construction O’Flynn family dynasty.

The money relates to guarantees entered into by Mr O’Flynn with AIB in relation to a company Ramisen Ltd, which received loans to purchase lands in Co Cork.

Mr Justice Brian McGovern adjourned the case for two weeks after admitting the case to the Commercial Court list yesterday and after he was told discussions are taking place between the sides.