The High Court has granted the Carroll group of companies leave to apply for examinership to seek the court's protection from creditors.
Mr Justice John Cooke deferred setting a date for the hearing and formally issuing his detailed reasons until Monday morning.
The second application for an examiner to be appointed to the Carroll group of companies was earlier described in the High Court as 'extraordinary and unprecedented in the history of corporate litigation'.
Six companies controlled by Liam Carroll, one of the country's largest property developers, lost their first bid to have an examiner appointed to them on 31 July.
Vantive Holdings, Jersey-based Morston Investments, and four other companies in Liam Carroll's Zoe Group sought court protection after ACC Bank began proceedings to have them wound up over €136m of unpaid debts.
Lyndon McCann, SC for ACC Bank, said a 'tactical and strategic decision' had been taken by the Carroll group to withhold evidence relating to its business plan and property valuations on the first petition for examinership.
He described this as a bad decision and the attempt to introduce the previously withheld business plan was 'an abuse of the process of the court.'
Mr McCann also described the content of the letters from the financial institutions as 'frankly pathetic'.
