THE parent company of Newcastle Jesters Ltd, the ice hockey team which has been stripped of its North-East franchise, yesterday won more breathing space in its battle against High Court moves to have it wound up.
However, Mr Registrar Simmonds asked why it was necessary to adjourn the matter for a further 14 days after it had already been to court three times before yesterday.
He was told by David Allason, counsel for the creditors, that there are special circumstances in the case and that the parties were negotiating a settlement.
He said there was a freezing order against parent company Fablon's director and this was causing delays.
The judge said he considered the matter should be adjourned for a further 14 days.
The winding-up move has been brought against club owner, Fablon Investments Ltd, by former major shareholders and Finnish sporting giants, Jokerit HC IYC
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