The judge dealing with the examinership of Laragan Developments said he has not yet reached a conclusion in the case.
Mr Justice Frank Clarke, who was due to decide the case today, said he will not have a ruling until Thursday because of the serious issues raised.
95 home buyers, who paid either €15,000 or €20,000, as deposits for apartments in Santry and Carrickmines in Dublin are set to lose 99% of their money under a scheme being recommended by the examiner.
Creditors, including some who are owed €1m, would only get back 6.4%.
Laragan Developments, part of the Hanley Group, has debts of €147m with assets of €2.35m.
€101m of the debts are owed to Alan Hanley of the Hanley Group.
