Group Lotus consists of Lotus Cars, Lotus Motorsport and Lotus Engineering
An application to wind up Group Lotus plc has been dismissed by the High Court today.
As reported by Autocar this morning, the name of Group Lotus – which comprises Lotus Cars, Lotus Motorsport and Lotus Engineering – appeared on the Companies Court Winding Up list to be heard at the High Court.
Such cases are often the result of a creditor or group of creditors seeking to have a company's assets liquidated as a result of failure to pay debts.
However, according to a statement issued by Group Lotus this afternoon, earlier this year the company was in a contractual dispute which was subsequently resolved amicably.
The High Court process means that the matter still has to be completed before a judge before proceedings can be formally disposed of. Today the claim was dismissed with no order as to costs.