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Fri 07 Jul 2009Liam Carroll's Zoe group seeks court protection
Several companies associated with developer Liam Carroll have told the High Court they will be seeking court protection after ACC bank issued demands for the return of €130 million in loans. The court heard Mr Carroll’s Zoe group owes some €1.1 billion to a range of banks.
The application to advertise the petition for protection was made today by Bill Shipsey SC, for Vantive Holdings, which along with Jersey-registered Morston Investments Ltd, are the parent companies of about 50 companies, and are colloquially known as Zoe Developments, the court heard.
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