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20/08/2009
Illness 'Impaired' Liam Carroll, Court Hears
Property developer Liam Carroll's battle to secure protection for seven companies in his Zoe development group has returned to the High Court.
The court accepted the petition at a hearing last Friday.
Seven companies, including Vantive Holdings and Morston Investments, are petitioning for the appointment of an examiner to be allowed to go to a full hearing.
Last week, an appeal by six of the companies against a High Court decision not to appoint an examiner was rejected by the Supreme Court.
A seventh company, Royceton, has joined the other companies in the latest bid.
The ACC Bank is looking to wind up the companies over unpaid loans worth more than €136 million.
Last week, they secured the appointment of a receiver to four of the firms and a liquidator to two of the companies.
At the hearing today, the court heard that Mr Carroll's decision-making abilities were "impaired" due to stress, when he originally sought protection for the companies.
Counsel for the companies, Michael Cush said that this was the reason why the court did not receive a business plan and valuations aimed at saving the companies.
Mr Cush told the court that Mr Carroll, who is now in hospital, had not included the plan in the original application, in spite of legal advice.
The new application, including the business plan, was now proceeding because of a resolution based by the other two directors of the companies, he said.
(KMcA/BMcc)
The court accepted the petition at a hearing last Friday.
Seven companies, including Vantive Holdings and Morston Investments, are petitioning for the appointment of an examiner to be allowed to go to a full hearing.
Last week, an appeal by six of the companies against a High Court decision not to appoint an examiner was rejected by the Supreme Court.
A seventh company, Royceton, has joined the other companies in the latest bid.
The ACC Bank is looking to wind up the companies over unpaid loans worth more than €136 million.
Last week, they secured the appointment of a receiver to four of the firms and a liquidator to two of the companies.
At the hearing today, the court heard that Mr Carroll's decision-making abilities were "impaired" due to stress, when he originally sought protection for the companies.
Counsel for the companies, Michael Cush said that this was the reason why the court did not receive a business plan and valuations aimed at saving the companies.
Mr Cush told the court that Mr Carroll, who is now in hospital, had not included the plan in the original application, in spite of legal advice.
The new application, including the business plan, was now proceeding because of a resolution based by the other two directors of the companies, he said.
(KMcA/BMcc)
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Enterprise Ireland’s Annual Report and Accounts for 2010 shows that Irish companies achieved €14bn export sales in 2010. Within that, Irish companies achieved a record €1.95bn of new export sales. This represents a strong rebound and recovery of 70% of the exports lost in 2009.
12 August 2009
Shares Sprial Downwards As Carroll Empire Crumbles
Bank shares have tumbled as a court ruling removed protection from the property empire of developer Liam Carroll. Shares in Bank of Ireland and AIB fell this morning following the Supreme Court ruling yesterday that ended court protection for six of developer Liam Carroll's companies. So far Bank of Ireland shares have fallen by 5.
Shares Sprial Downwards As Carroll Empire Crumbles
Bank shares have tumbled as a court ruling removed protection from the property empire of developer Liam Carroll. Shares in Bank of Ireland and AIB fell this morning following the Supreme Court ruling yesterday that ended court protection for six of developer Liam Carroll's companies. So far Bank of Ireland shares have fallen by 5.
15 September 2009
Judge To Rule Again On Zoe Protection
Eamon Carroll's troubled property group Zoe is to go back to the High Court today to find out if it will be allowed a fourth bid to gain court protection. Mr Justice Frank Clarke last week again rejected an application from the heavily indebted group for the appointment of an examiner to seven of the Zoe companies.
Judge To Rule Again On Zoe Protection
Eamon Carroll's troubled property group Zoe is to go back to the High Court today to find out if it will be allowed a fourth bid to gain court protection. Mr Justice Frank Clarke last week again rejected an application from the heavily indebted group for the appointment of an examiner to seven of the Zoe companies.
29 September 2010
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Callely Court Date Set For Next Week
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20 April 2010
Tallaght CCTV System Activated
Fianna Fáil TD Charlie O’Connor, who is a member of the South Dublin County Joint Policing Committee, has welcomed the activation of a CCTV scheme in Tallaght, yesterday. Tallaght is the largest town in county Dublin outside the capital city centre.
Tallaght CCTV System Activated
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