Moves to wind up Zoe group go to High Court on Monday

MOVES to wind up companies in Liam Carroll’s insolvent property group, Zoe Developments, are to come before the High Court on Monday.

Mr Justice Frank Clarke yesterday postponed hearing applications by ACC Bank to confirm the appointment of a liquidator to Vantive Holdings and Morston Investments to allow time for Zoe to consider a Supreme Court appeal over his refusal to appoint an examiner to seven companies in the group.

Delivering his detailed ruling yesterday, the judge said he had rejected Zoe’s application for examinership because the companies did not have a reasonable prospect of survival both collectively and individually.