The parent company of Newcastle Jesters Ltd, the ice hockey team which has been stripped of its North-East ice hockey franchise, yesterday won more breathing space in its battle against High Court moves to have it wound up.
However, Mr Registrar Simmonds queried why it was necessary to adjourn the matter for a further 14 days after it had already been to court three times before yesterday.
But 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.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereComments are closed on this article