Article: Firms linked to Carroll seek court protection

SEVERAL COMPANIES associated with developer Liam Carroll have sought the protection of the High Court after ACC Bank issued demands for the return of [euro]130 million in loans. The court heard Mr Carroll's Zoe group owes some [euro]1.1 billion to a range of banks.

The application to advertise the petition for protection was made yesterday by Bill Shipsey, for Vantive Holdings.

Vantive Holdings and Jersey-registered Morston Investments Ltd are the parent companies of about 50 companies and are colloquially known as Zoe Developments, the court heard.

Four companies within the group, Villeer Developments, Peytor Developments, Caragh Enterprises Ltd and Parlez International Ltd, are facing ...

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