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Latest Carroll court date next week

Liam Carroll - Application to be heard next week
Liam Carroll - Application to be heard next week

The High Court is to hear in full a fresh application for the appointment of an examiner to seven companies controlled by property developer Liam Carroll on Tuesday of next week.

Last Friday, the court decided the companies should be allowed to bring their second application for court protection to a full hearing.

ACC Bank is seeking to have them wound up over unpaid debts.

Counsel for the bank said they would likely hold over making a decision on a possible appeal to the Supreme Court until the High Court had heard the second application in full.

He said the bank intended filing several affidavits in support of its opposition to the petition.

Counsel for the companies said they would be willing to provide their property valuations to ACC, on condition they were kept confidential until the next hearing.

Mr Justice Cooke fixed a date for the hearing for 11am next Tuesday, and ordered that the companies advertise their intention to bring the petition in two Irish and one Jersey based newspaper.

In his explanation for last Friday’s decision, Justice Cooke said he believed there is no real difficulty under law with a second petition for examinership being presented by the same company or group of companies.

He said the court did not agree with the claim made by counsel for ACC that the new petition is obviously doomed.