July 17th– Six companies in the Zoe Group are granted High Court protection by Mr Justice Frank Clarke pending a full examinership hearing. The move is prompted by demands from ACCBank for the repayment of €136 million in loans.
July 27th– Mr Carroll's lawyers make a case for examinership to the commercial division of the High Court, claiming that after disposing of assets over three years, the companies would have a €300 million surplus and all creditors would be paid.
Mr Justice Peter Kelly said the scheme involved “pouring” money into developments when the office space market was already “grossly oversupplied” and the residential market was “flat as a pancake”. He reserves judgment.
July 31st– Mr Justice Kelly declines to appoint an examiner. He describes as "fanciful" and "lacking in reality" a business plan which suggested they could turn a €1 billion deficit into a €300 million surplus within three years. He grants a stay, "with misgivings", on his refusal, pending an appeal to the Supreme Court.
August 4th– Supreme Court extends protection to Zoe pending a full hearing.
August 11th– In a ruling by the Chief Justice, Mr Justice John Murray, Ms Justice Susan Denham and Mr Justice Nial Fennelly, the Supreme Court refuses to overturn the High Court ruling. They say there is a lack of evidence that the property market will improve and the Zoe survival plan depends on this.
August 12th– The High Court appoints provisional liquidator to Vantive Holdings and Morston Investments on the back of applications by ACC. The bank also appoints a receiver to four other Zoe companies.
August 14th– Following a late- night application to the High Court, Mr Justice Éamon de Valera allows for a new petition to be considered to appoint an examiner. Zoe's legal counsel says Mr Carroll has been in hospital but new evidence of bank support and revised property valuations will be provided.
August 21st– Mr Justice John Cooke decides a full petition for examinership will be heard by the High Court.
August 24th- Mr Justice John Cooke to set date for second examinership hearing and give his reasons for admitting the case.
:quality(70)/cloudfront-eu-central-1.images.arcpublishing.com/irishtimes/VR3765MFOBH2NMV2QNICYDF67M.png)