The developer claims that his former business partner and neighbour, John O’Driscoll, from Ovens, Co Cork owed him in the region of €950,000 and was allegedly not insolvent when he sought and was granted a PIA by the courts.

The Supreme Court said Michael O’Flynn’s objection to the PIA should be heard by the High Court

The court’s decision will have ramifications for all future cases relating to personal insolvency agreements