Cork developer Michael O’Flynn has upped the ante in his battle to retain control of his building empire by revealing he can immediately repay the €16.7m in personal loans as demanded by the company who took over his Nama loans — and also the remaining €8.2m he owes in personal loans.

The High Court will decide next week if it will dismiss an interim examiner appointed to four main companies in the Cork-based O’Flynn Construction Group.

Examinership would undoubtedly be of benefit to the four insolvent Cork-based O’Flynn construction companies and for the benefit of their employees, the High Court has been told.