O'Brien and O'Flynn Ltd wound up over €71m NAMA debt

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

O'Brien and O'Flynn Ltd Building Contractors had liquidators appointed by the High Court, reported on 2 September 2014, after NAMA petitioned to wind up the Cork firm. The company, based at Doughcloyne House, owed NAMA about €71.2 million, while its assets were worth less than half that amount, the court heard. Mr Justice Kevin Cross granted the petition and appointed liquidators. Lawyers for the company opposed the application, arguing receivers already controlled most of its assets and disputing NAMA’s legal standing and the debt.