Winding-up order against builders adjourned

A petition to wind up the Cork building contracting firm O’Brien and O’Flynn Ltd, which owes Nama €71m, has been adjourned for a fortnight after a judge heard that "not all of the facts" had been presented to the High Court.

Provisional liquidators and insolvency practitioners John McStay and Tom Rogers were appointed to the Vicars Rd company last month, and Andrew Sexton, SC, counsel for O’Flynn brothers Dan and Denis, told the court he would require time to reply to matters raised in an affidavit by Mr McStay.

Mr Justice Paul McDermott said it was unsatisfactory that, as stated by Mr Sexton, not all of the facts available to the court had as yet been put before in evidence.