Contrary to a report circulated on the web earlier today, Group Lotus PLC is not entering liquidation, a company spokesman has confirmed.
The confusion arose when Group Lotus PLC was spotted on a Companies Court Winding Up List, to be heard by HM Courts and Tribunals Service today - a sign that creditors want Lotus' assets liquidated in order to pay a debt.
"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," a spokesman explained.
"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."
Ever since DRB-Hicom bought Lotus’ Malaysian parent company Proton early last year, and fired controversial CEO Dany Bahar last June, there’s been doubt surrounding Lotus' future.
In October 2012, DRB-Hicom's chief operating officer, Aslam Farikullah, told Auto Express that he had no plans to sell Lotus or move production abroad, but he is yet to detail his plans for the Lotus brand.