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Article: Firms linked to Carroll seek court protection
- Article from:
- The Irish Times
- Article date:
- July 18, 2009
- Author:
CopyrightCopyright 2009 The Irish Times. Provided by ProQuest LLC. (Hide copyright information)
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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 ...