ACC Bank objects to Zoe examinership

ACC bank has today urged the High Court to reject an application made on behalf of companies in the Liam Carroll-controlled Zoe group to be placed into examinership.

Today Lyndon McCann SC for Dutch owned ACC bank, whose demand for repayments of €136m loans led to Zoe's application for protection, said that the application "is aspirational and speculative at best" and "does not meet the requirements of the 1990 Companies Act".