Six companies controlled by one of the country's biggest property developers, Liam Carroll, have told the High Court of their intention to apply to go into examinership.
The move follows a decision by ACC Bank to lodge a petition to have the six companies wound up because it is owed substantial sums of money by them.
The development comes after the Commercial Court earlier ordered one company - controlled by Liam Carroll - to repay €78.6 million of unpaid debt to Irish Nationwide Building Society.
The debt relates to a loan of €66.5 million given to Aifca Ltd of Upper Mount Street in Dublin in 2006 to refinance debt and to acquire a company involved in the development of The Square shopping centre in Tallaght.
