Newcastle robotics firm Wootzano has resumed trading after the Court of Session in Edinburgh halted liquidation proceedings in.
It followed the confirmation of approximately £237 million in contracted distribution agreements in a report submitted to the court.
The court granted a “sist” – a Scottish legal mechanism that pauses the liquidation process and allows a company to continue trading – in what is described as a “rare” legal move.
The company had entered liquidation following enforcement action by government-backed tech lender Innovate UK.
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A report submitted to the court by the joint liquidators accepted that there were…