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15/09/2009
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.
If the bid succeeds, Mr Carroll will be able to hold off creditors for the three years he believes he requires to settle enough of his debts.
Yesterday, the court was asked to continue High Court protection of the Zoe companies while its legal team brought yet another appeal to the Supreme Court.
The group, which has debts of €1.3 billion, has been fighting for examinership of the seven companies for the past two months.
Last week, the group failed to secure High Court protection after an application by Dutch-owned ACC Bank to have a liquidator appointed to two of the companies under the Zoe umbrella group.
ACC Bank is owed €136 million by the group.
The unprecedented number of appeals for examinership status was opposed by Dutch-owned ACC Bank, who had earlier described the eleventh hour attempts at survival against multi-million euro debts as "aspirational".
The companies under the group have debts of €1.2bn in total, however under a business plan submitted as part of its application, Carroll believed it could meet the debts over a three to five year period.
Part of the plan included the non-payment of interest for two years on its debts owed to eight banks.
The application was opposed by ACC Bank, which is owed €136m.
Zoe's original application was turned down by the Commercial Court and an appeal to the Supreme Court was also rejected.
(DW/KMcA)
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.
If the bid succeeds, Mr Carroll will be able to hold off creditors for the three years he believes he requires to settle enough of his debts.
Yesterday, the court was asked to continue High Court protection of the Zoe companies while its legal team brought yet another appeal to the Supreme Court.
The group, which has debts of €1.3 billion, has been fighting for examinership of the seven companies for the past two months.
Last week, the group failed to secure High Court protection after an application by Dutch-owned ACC Bank to have a liquidator appointed to two of the companies under the Zoe umbrella group.
ACC Bank is owed €136 million by the group.
The unprecedented number of appeals for examinership status was opposed by Dutch-owned ACC Bank, who had earlier described the eleventh hour attempts at survival against multi-million euro debts as "aspirational".
The companies under the group have debts of €1.2bn in total, however under a business plan submitted as part of its application, Carroll believed it could meet the debts over a three to five year period.
Part of the plan included the non-payment of interest for two years on its debts owed to eight banks.
The application was opposed by ACC Bank, which is owed €136m.
Zoe's original application was turned down by the Commercial Court and an appeal to the Supreme Court was also rejected.
(DW/KMcA)
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10 September 2009
Decision Due On Zoe Group Survival
Developer Liam Carroll's Zoe group is today waiting to hear in the High Court whether it will survive, for the second time. The High Court is expected to announce its decision today on whether to appoint an examiner to the powerful Irish property developer's troubled Zoe group.
Decision Due On Zoe Group Survival
Developer Liam Carroll's Zoe group is today waiting to hear in the High Court whether it will survive, for the second time. The High Court is expected to announce its decision today on whether to appoint an examiner to the powerful Irish property developer's troubled Zoe group.
11 September 2009
Zoe Group Denied Protection Of Courts
Developer Liam Carroll's Zoe group has failed to secure High Court protection against its circling creditors.
Zoe Group Denied Protection Of Courts
Developer Liam Carroll's Zoe group has failed to secure High Court protection against its circling creditors.
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.
29 September 2010
Callely Court Date Set For Next Week
The next hearing of Ivor Callely's case against the Seanad Committee over his expenses claims has been scheduled for next Tuesday. Senator Callely took the proceedings after being suspended from the Seanad by the committee for 20 days over a number of allegedly fraudulent expense claims.
Callely Court Date Set For Next Week
The next hearing of Ivor Callely's case against the Seanad Committee over his expenses claims has been scheduled for next Tuesday. Senator Callely took the proceedings after being suspended from the Seanad by the committee for 20 days over a number of allegedly fraudulent expense claims.
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
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.
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