Ahmed makes third bid to have assets frozen

[Zappa 0]

Exactly, and the situation now appears to be a lot more immediate than it was back then.

 

The situation would have been a lot more immediate back then if Whyte had actually been paying the PAYE & NI bills.

[Rangersitis 0]

The situation would have been a lot more immediate back then if Whyte had actually been paying the PAYE & NI bills.

 

There is that!

[Zappa 0]

So does anyone know what might happen tomorrow if Ahmad's bid to have assets frozen is granted, but the Club doesn't have the full amount of cash? Could such a situation even happen?

[Rangersitis 0]

So does anyone know what might happen tomorrow if Ahmad's bid to have assets frozen is granted, but the Club doesn't have the full amount of cash? Could such a situation even happen?

 

Freeze what there is and then sieze goods for the balance?

[the gunslinger 3,366]

Freeze what there is and then sieze goods for the balance?

 

yup. sheriffs officers go in.

 

can also freeze it once it arrives.

[Zappa 0]

Hopefully a decision is made tomorrow one way or the other and hopefully Ahmad fails, but it's certainly a worry that he might not fail this time.

[Zappa 0]

Interesting pattern emerging with Ahmad and the timing of his legal pursuits too....

 

- Laxey & Easdale credit/loan 'facilities' announced and within days Ahmad is in Court looking for half a million quid.

 

- 'Open Offer' of shares announced and within days Ahmad is in Court looking for half a million quid + £120k legal expenses.

[der Berliner 3,219]

You would expect the court will wait with any decision till after the share issue, as it is by no means certain that there won't be any cash available. Likewise, the company he is chasing with his claims still owns various assets that are there "for the taking" should he get his wish.

 

As Zappa said, it is quite strange that this stuff always comes up close to these critical decisions. Ahmad will obviously claim that he doesn't want to harm the club, but is only looking after his "investment".

[Little General 80]

live tweets

 

https://twitter.com/bbcbmclauchlin

[craig 5,195]

You would expect the court will wait with any decision till after the share issue, as it is by no means certain that there won't be any cash available. Likewise, the company he is chasing with his claims still owns various assets that are there "for the taking" should he get his wish.

 

As Zappa said, it is quite strange that this stuff always comes up close to these critical decisions. Ahmad will obviously claim that he doesn't want to harm the club, but is only looking after his "investment".

 

The Court will not wait for a share issue - that share issue may not even take place if there isn't enough of a subscription. The Courts don't wait until it is convenient for one of the parties to have their case heard.