Lotus dismisses winding up fears

* On the Companies Court Winding Up list * Hearing at on Monday March 18 * Group Lotus PLC could be liquidated...

Lotus dismisses winding up fears

Group Lotus PLC is on the Companies Court Winding Up List for Monday March 18, and could be liquidated.

A spokesman from the Ministry of Justice told What Car? that 'companies appearing on the list stand a chance of being liquidated'.

Group Lotus has played it down, however, with a spokesman saying that the company will not be liquidated. It has settled the claim amicably, it claims.

A Lotus statement dismissed the possibility of liquidation, releasing a statement saying:

'Earlier this year, Lotus was in a contractual dispute which was resolved amicably a number of weeks ago. However the High Court process meant that the matter was still shown on the High Court website, as there was a hearing scheduled for today. This is what appears to have been seen and misunderstood.

'The case was only listed for the proceedings to be disposed of. The claim has now been dismissed with no order as to costs.'

By Matthew Burrow