Carroll’s future back in hands of the court

THE High Court in Dublin will play out what is now a familiar scene next Tuesday when a fresh petition for examinership will be brought by seven companies controlled by property developer, Liam Carroll.

It follows last week’s successful application by the companies which form part of Carroll’s main construction group, Zoe Developments, to get High Court approval to bring a second petition to seek the court’s protection for them through the appointment of an examiner.

The move was taken to prevent ACC Bank seeking the appointment of a liquidator and receiver to the various companies in order to recover a €136m loan to the group.