High Court bans Lotus directors
Wednesday 21 October 1998
Peter Timothy Collins, James Anthony McDougall and Peter Godfrey Wright were banned from acting as directors for nine, eight and seven years respectively. The bans follow the collapse of TLL Realisations - formerly Team Lotus Ltd - which was wound up by the courts in 1995 with debts of over pounds 12m. The Team Lotus name was sold by administrators and is now run by an entirely separate company.
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