ACC BANK will ask the High Court today to wind up three insolvent companies in the Fleming building group, which has debts of more than €1 billion, following the Supreme Court’s decision to end court protection for them.

A High Court judge will decide on Monday if he is to extend court protection from its creditors to the parent companies of a firm within the John J Fleming Construction group.

WITH €1 billion in debts and 650 jobs at stake, Cork developer Fleming Construction has been given breathing space after an examiner was appointed to one of its indebted subsidiaries.