Judgment of €44m against Carroll

 

Property developer Liam Carroll has consented to summary judgment for about €44 million being entered against him at the Commercial Court in favour of the National Asset Management Agency and Bank of Scotland.

The €44 million sum, arising from unpaid loans and guarantees, is made up of some €30.7 million in favour of Nama and about €13.1 million in favour of Bank of Scotland.

Mr Justice Peter Kelly also entered summary judgment today for some €32 million against the developer's wife, Róisín Carroll, over some of the same loans.

Mr Carroll, Sycamore Crescent, Mount Merrion, Dublin, was the founder of the Zoe group of building companies which collapsed in 2009 with massive debts.

Today, Declan McGrath for Bank of Scotland, said Mr Carroll had been co-operating with Bank of Scotland in its efforts to realise secured assets to meet debts owed and the bank was only applying for summary judgment because other creditors had begun to move against Mr Carroll.

A solicitor for Mr Carroll and his wife said they were consenting to summary judgment in the amounts sought by Bank of Scotland and the judge entered summary judgment for about €13.1 million in favour of the bank against Mr Carroll and for some €2.75 million against Mrs Carroll.

Nama separately sought summary judgment for about €30.7 million against Mr Carroll and his wife and their solicitor said they were consenting to summary judgment in that case also.