BusinessBusiness RecoveryCoys liquidators fail in High Court bid

Coys liquidators fail in High Court bid

Liquidators fail in bid to combine proceedings against the car company's former directors with an investigation being undertaken by the DTI

Liquidators for Motor Marketing Limited, formerly known as Coys of
Kensington, have failed in the High Court to combine its proceedings against the
company’s former directors, Douglas Jamieson and Christopher Routledge, with the
DTI’s own proceedings.

The liquidators have alleged fraudulent and/or wrongful trading and/or
misfeasance, while the
DTI
alleges the directors’ conduct makes them unfit and wants them
disqualified, according to the Daily Telegraph.

The company collapsed in 2004 with more than £1.5m in debts. Many of its 33
creditors had not been paid for cars they had sold during an auction.

Both the liquidators and the DTI will be able to present their cases by
February for another hearing in March, where the possibility still exists to
combine the cases.

Further reading:

Farepak customers could swamp PwC meetings

Tesco saves 825 jobs at struggling Maintenance One

MG Rover inquiry bill tops
£7m

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