A meeting has taken place this afternoon involving the banks owed money by the Carroll group.

Officially, none of the banks owed money by Liam Carroll's property group has confirmed that today's meeting took place.

However RTÉ News sources say the meeting was to discuss the impact of last night's Supreme Court decision and the appointment today of a provisional liquidator by the High Court.

Taken together, the group of companies connected to Vantive Holdings and Morston Investments owe €1.2bn to eight banks, including ACC.

The other banks involved include AIB and Bank of Scotland, Ireland.

Petitions to wind up Vantive and Morston were made by ACC today. A hearing will be held on 9 September.

Earlier the High Court approved the appointment of a provisional liquidator to two companies owned by property developer Liam Carroll.

The application was made by ACC Bank in the High Court, following last night's dismissal by the Supreme Court of an appeal by six of Mr Carroll's companies for the protection of the court.

Mr Justice Iarfhlaith O'Neill in the High Court granted the appointment of a provisional liquidator who will also have the power to secure assets held by subsidiary companies controlled by Mr Carroll.

Mr Carroll's property group was not represented in court.

ACC Bank is owed a total of €130m in loans made to both companies. A spokeswoman for the bank had no comment to make.

Mr Carroll's companies had sought court protection because ACC Bank started winding up proceedings to recoup loans worth €136m that it had given to the companies.

Vantive Holdings, Morston Investments and four other companies in the Zoe Group have combined debts of more than €1bn.

With Mr Carroll at risk of insolvency proceedings, markets fear yesterday's ruling will interfere with NAMA's valuations.

One of NAMA's main directives is to achieve an ordered work-through of the large property interests in the country.